Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/027d4aee7b19f901deee3496ec570e3a.jpg)
Steel Exports Rise to 9 Month High
Written by Sandy Williams
August 13, 2016
The following report on steel exports is from the American Institute for International Steel (AIIS):
Falls Church, VA. August 10, 2016. Steel exports crept up 1 percent from May to June, reaching 811,211 net tons. The June total was down 8.4 percent from a year earlier, however.
Exports to Canada were nearly unchanged month-to-month at 413,951 net tons, but were 7 percent lower than in June 2015. Exports to Mexico increased 3.7 percent from May but decreased 6.6 percent from the previous June to total 315,937 net tons, while exports to the European Union fell 13.5 percent from the preceding month to 21,833 net tons, 7.2 percent less than in June of last year.
Through the first half of the year, steel exports were down 10.5 percent to 4.75 million net tons compared to the same period in 2015. Exports to Canada slipped 5.8 percent to 2.42 million net tons, exports to Mexico dropped 11.1 percent to 1.81 million net tons, and exports to the European Union plummeted 36 percent to 122,615 net tons.
Canada’s economy continues to struggle, recording negative growth in February, March and May, and losing 31,000 jobs in July. Mexico had been showing more promise than the United States’ northern neighbor, but its economy shrank at a 1.2 percent annualized rate in the second quarter. This was the nation’s first quarterly contraction in three years. With the two countries that buy about 90 percent of the steel that is shipped out of the United States in such poor shape – and with the U.S. dollar maintaining its high value against the loonie and the peso – exports do not seem likely to substantially increase anytime soon.]
The table below is from Steel Market Update, you can view more on our Steel Exports webpage here.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/sandy-williams.jpeg)
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor inches HR price up, aims for $695/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $695 per short ton (st), up $5/st from last week.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor maintains $690/ton HR base price
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week at $690/ton.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: US prices find a bottom as other markets fall
The US sheet market appears to have reached a bottom following consistent weekly declines since April. However, other markets remain weak due to limited demand. Trading in Europe has been slow due to summer holidays. While European mills are also undergoing maintenance outages, these have not been enough to offset ongoing price falls, with weak […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
Cliffs seeks $700/ton for HR, up $30/ton from last week
Cleveland-Cliffs said on Wednesday that it would seek at least $700 per short ton (st) for hot-rolled (HR) coil. The Cleveland-based steelmaker said it made the move "due to ongoing market developments." The company said the increase was effective immediately for HR orders for September.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor aims for $675/ton for HR
Nucor has raised its consumer spot price (CSP) for hot-rolled (HR) coil to $675 per short ton (st), up $25/st from last week.