The American Institute for International Steel (AIIS) reported that based on US Government data, steel exports declined in June compared to May by 8.5 percent. "Exports declined in every major steel export market in June, with over 86 thousand tons of the decline of over 98 thousand ton total represented by lower exports to NAFTA and other Western Hemisphere markets. The declines reflect weakened conditions in these markets--especially in NAFTA at the time orders were taken. Exports to other smaller export markets likewise declined in June," said Dave Phelps, president, AIIS.
Total steel exports in June 2013 were 1.064 million tons compared to 1.163 million tons in May 2013, an 8.5 percent decrease, and a 9.1 percent decrease compared to June 2012. According to year-to-date figures, exports decreased 10.9 percent compared to 2012 or from 7.277 million tons in 2012 to 6.482 million tons in 2013.
For the first half of 2013 compared to 2012, steel exports declined by 10.9 percent, including a 9.1 percent decline in June 2013 compared to June 2012. "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. 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,'" concluded Phelps.