According to the American Institute for International Steel (AIIS), US steel exports fell 5.6 percent from October to November, dipping below 1 million net tons for the first time since February 2014.
November’s 953,829 net tons of exports were 1.6 percent above the level of a year earlier. Exports to Canada fell 10.7 percent month-to-month and 7.5 percent year-over-year to 479,393 net tons, while exports to Mexico were nearly unchanged from October, but 15.8 percent higher than they were a year earlier, at 350,592 net tons. The European Union decreased its purchases of steel from the United States to 21,736 net tons, more than 38 percent less than in October, and almost 5 percent less than in November 2013.
Exports to two Latin American countries increased dramatically in November, though, with the total going to Peru swelling more than 37-fold to 23,456 net tons, and the amount going to Panama growing almost 25-fold to 12,426 net tons. Both numbers were several times higher than they were the previous November.