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US steel exports fall on drop in Nafta shipments

Keywords: Tags  steel exports, heavy structural shapes, galvanized, plate in coil, Nafta, Commerce Department, Catherine Ngai

NEW YORK — U.S. steel exports fell to 959,621 tonnes in September, down 9.7 percent from more than 1.06 million tonnes the previous month and 12.8 percent lower than 1.1 million tonnes in September last year, on the back of lower shipments to North American Free Trade Agreement partners Canada and Mexico.

The largest decreases from August were recorded by heavy structural shapes, which plunged 29.4 percent to 66,518 tonnes from 94,166 tonnes, and hot-dipped galvanized sheet and strip, which slid 12.7 percent to 89,056 tonnes from 102,020 tonnes, according to data released by the Commerce Department’s Import Administration. Few categories increased, but included plate in coil, which jumped 29.2 percent to 53,351 tonnes from 41,293 tonnes in the same comparison.

Steel exports to Canada totaled 484,451 tonnes in September, down 4.4 percent from 506,617 tonnes the previous month due largely to a drop in shipments of reinforcing bar and hot-dipped galvanized sheet and strip. Exports to Mexico totaled 289,579 tonnes, down 14.8 percent from 339,813 tonnes in August due to declines in heavy structural shapes and line pipe.

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