NEW YORK U.S. steel exports reversed course in January, moving up 11.2 percent month on month after two consecutive monthly declines, largely due to increased shipments to North American Free Trade Agreement (Nafta) countries.
January steel shipments from U.S. ports totaled 977,352 tonnes, up from 879,053 tonnes a month earlier but still off 14.6 percent from January 2012, data from the U.S. Commerce Departments Import Administration show.
Hot-dipped galvanized sheet and strip exports jumped 33.3 percent month on month due to increased shipments to Canada and Mexico, which rose 27.8 percent and 42.8 percent, respectively. Line pipe exports rose 69.5 percent as Panama more than doubled its intake from the United States to 36,426 tonnes.
Exports of plate in coils rose 44.9 percent month on month as Canada and Mexico stepped up their intake by 25.6 percent and 65.1 percent, respectively.
Meanwhile, heavy structural shapes and oil country tubular goods (OCTG) logged declines. Heavy structural shapes fell 28 percent, mostly on declines to Brazil and Canada, while OCTG exports fell 2 percent.