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
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,
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.