NEW YORK U.S. steel
exports fell to their lowest level in more than a year in
November due to major decreases in semifinished material.
Steel exports totaled 905,404
tonnes for the month, down 15.8 percent from 1.08 million
tonnes in October, according to data from the U.S. Commerce
Departments Import Administration. That was also lower
than the 1.12 million tonnes reported in the same 2011
Exports of semifinished material
plunged 94.4 percent to 2,371 tonnes after reaching 42,563
tonnes in October, largely due to declines in shipments to
Oman, Italy and the Dominican Republic. Other major decreases
were seen in heavy structural shapes, down 9.4 percent to
93,018 tonnes; and hot-dipped galvanized sheet and strip, off
9.7 percent to 92,316 tonnes following a decline in shipments
Exports of standard rail
products dropped to 6,368 tonnes, down 84.5 percent from 41,144
tonnes in October.
Monthly increases were logged in line pipe, up 15.5 percent
to 45,915 tonnes; and oil country tubular goods (OCTG), up 5.2
percent to 28,911 tonnes.