U.S. steel exports increased in July 2.2 percent over June, according to government data analyzed by the American Institute for International Steel.
“NAFTA steel demand improved in July compared to June by 6 percent, offsetting declines in other smaller international markets,” said David Phelps, president of AIIS, in a statement.
“NAFTA market’s increase reflects the timing of the stronger mid-summer market conditions experienced at that time. Whether increased pricing in many steel markets – especially flat rolled – has staying power or is an inventory replenishment driven cycle remains to be seen,” he added.
For the year-to-date period in 2013 compared to 2012, exports were 9.5 percent lower.
“Steel exports in July were 0.3 percent higher than in July 2012, but remained below 2012 for the year to date period, as overall steel demand continues to be weaker in all international markets in 2013. While the slight improvement in July 2013 compared to 2012 is positive, the level of exports for the month remains below healthy levels unfortunately,” Phelps said.
AIIS reported total steel exports in July 2013 were 1.087 million tons compared to 1.064 million tons in June 2013, a 2.2 percent increase, and a 0.3 percent increase compared to July 2012. According to year-to-date figures, exports decreased 9.5 percent compared to 2012, or from 8.362 million tons, to 7.569 million tons in 2013.