China increase helps offset dip in Oct. US steel exports

Dec 14, 2009 | 11:28 AM | Scott Robertson

U.S. steel exports in October were basically in line with September figures, largely due to shipments of semi-finished steel to China, according to data from the American Institute for International Steel (AIIS).

U.S. steel exports were 983,218 tonnes during the month, down just 0.7 percent from 989,821 tonnes in September, Washington-based AIIS said.

Those numbers, laid against a backdrop of a 37.3-percent decline in U.S. steel exports for the first 10 months of the year, indicate some strengthening in steel demand from a number of developing economies in addition to the increases in exports of semis to China. U.S. mills exported a little more than 7.4 million tonnes of steel products in the first 10 months of 2009 vs. 11.8 million tonnes in the first....

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