U.S. steel exports in May totaled 1.163 million tons, rising 11.6 percent from 1.041 million tons in April but down 7.9 percent year-over-year, according to government reporting.
“Exports of American-made steel increased in May primarily due to improved shipments to our NAFTA partners and other countries in the Western Hemisphere,” said David Phelps, president of the American Institute for International Steel, in a written statement. “While the increase in May is encouraging, economic conditions in many international markets are in turmoil, especially Asia and the EU, making it difficult to conclude that the May data are the beginning of a positive trend at this point.”
In the first five months of 2013, exports were down 11.3 percent, dropping from 6.106 million tons in 2012 to 5.418 million tons in 2013.
“The data show that U.S. exports declined to all international markets for the first five months of the year compared to the same period of 2012,” Phelps said. “These data reflect a pattern of weakness in 2013, especially in the NAFTA and other Western Hemispheric markets.”