U.S. steel exports in April were 1.0 million tons, declining 5.3 percent from 1.1 million tons in the previous month and 10.7 percent compared with April 2012, according to government reporting.
“Other than a small increase in exports to Mexico, U.S. steel exports declined to all major markets and most minor markets in April as steel demand continues to be weak in NAFTA and international markets,” said David Phelps, president of the American Institute for International Steel, in a written statement. “The month-to-month decline in April, even in the normally stronger first half of the year, heavily reflects anemic conditions in the U.S. and our NAFTA partners’ markets.”
In the first four months of 2013, exports were down 12.2 percent, falling from 4.8 million tons in 2012 to 4.3 million tons in 2013.
“While there is a belief that the NAFTA market will return to a more healthy level of demand and pricing in the second half, there is little evidence of that so far as we approach mid-year,” Phelps continued. “As with all internationally traded steel, consumers are reluctant to order steel from offshore suppliers during conditions such as we have experienced so far in 2013.”