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Steel exports sag 17.1% in November

Jan 13, 2014 | 05:38 PM |

Tags  steel exports, hot-rolled sheet, cut-to-length plate, hot-dipped galvanized sheet, heavy structural shapes, cold-finished bar, ingots for steel and castings, Catherine Ngai

NEW YORK — U.S. steel exports fell to a more than one-year low in November as most products logged declines.

Steel exports totaled 852,015 tonnes, down 17.1 percent from October and 6 percent below November 2012, according to the latest data from the U.S. Commerce Department’s Enforcement and Compliance division.

November shipments to North American Free Trade Agreement partners fell from the previous month, with exports to Canada down 13.3 percent to 469,928 tonnes and those to Mexico tumbling 26.1 percent to 274,704 tonnes.

Exports to Brazil also fell sharply in November, plunging 80.9 percent to 1,977 tonnes from 10,372 tonnes in October.

In the carbon and alloy sector, major decreases were seen in exports of hot-rolled sheet (down 44.4 percent), cut-to-length plate (off 6.8 percent), hot-dipped galvanized sheet (down 6 percent) and heavy structural shapes (off 11.4 percent).

Only a handful of products saw month-on-month increases, including cold-finished bar (up 26.7 percent to 13,217 tonnes) and ingots for steel and castings (up 17.9 percent to 12,951 tonnes).

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