U.S. steel exports in June totaled 1.064 million tons, falling 8.5 percent from 1.163 million tons in May and 9.1 percent from June 2012, according to government reporting.
“Exports declined in every major steel export market in June, with over 86,000 tons of the decline of over 98,000 ton total represented by lower exports to [North American Free Trade Agreement] and other Western Hemisphere markets,” said David Phelps, president of the American Institute for International Steel, in a written statement.
“The declines reflect weakened conditions in these markets — especially in NAFTA at the time orders were taken,” Phelps said. “Exports to other smaller export markets likewise declined in June.”
In the first six months of 2013, exports were down 10.9 percent, dropping from 7.277 million tons in 2012 to 6.482 million tons in 2013.
“The reduction in exports for the first half of 2013 shows the weakened conditions in many steel markets, as all markets posted declines for the first half,” Phelps said. “With stronger market conditions at this time in the NAFTA region, NAFTA exports could show some improvement in coming months provided that the current conditions show some ‘staying power.’”