Steel Products
US Steel Exports Remained High in June, More Flat Rolled Going to Mexico
Written by Laura Miller
August 18, 2023
US steel exports remained elevated during the month of June, staying above the 900,000-ton mark for a second consecutive month.
The US exported 901,349 net tons of steel products during the month of June, according to the latest data from the US Department of Commerce. This was just 1% lower than the month prior but 13% above levels one year ago.
We have to go back to 2018 to see monthly export levels higher than those of May and June (Figure 1).
June flat-rolled steel exports were well above year-ago levels, except for the other metallic coated category (Table 1).
Exports to Mexico were significantly higher in May than in past months, and in June they rose even further, to 468,467 tons (Figure 2).
Hot-rolled sheet shipments to Mexico jumped 35% from May to 82,460 tons in June. Cut-to-length plate exports to Mexico were elevated in both May and June at 79,507 tons and 80,936 tons, respectively.
It’s clear that the US has been filling gaps in the Mexican market on AHMSA’s production stoppage, which has been ongoing since December.
Steel shipments to Canada are typically higher than those to Mexico but were lower in both May and June.
Laura Miller
Read more from Laura MillerLatest in Steel Products
Domestic HR, offshore prices decline
US hot-rolled (HR) coil prices slipped this week, while tags in offshore markets were also largely down. Thus, the price premium between stateside hot band and imports on a landed basis was relatively unchanged.
Kloeckner, SDI collaborate on aluminum plant in Mississippi
The investment is aimed at growing Kloeckner’s automotive and industrial segment in the US and Mexico.
HVAC shipments slip in September but are still trending higher
Following a strong August, total heating and cooling equipment shipments eased in September to a five-month low, according to the latest data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).
Dodge Momentum moves down again
Slowing growth in data center planning and nonresidential projects caused the Dodge Momentum Index (DMI) to pull back in October.
AISI: US steel shipments slip in September
Domestic steel shipments decreased both on-year and month over month in September.