NEW YORK U.S.
steel exports rose in May on increased shipments to North
American Free Trade Agreement (Nafta) partners, according to
the American Institute for International Steel (AIIS).
American-made steel increased in May primarily due to improved
shipments to our Nafta partners and other countries in the
Western Hemisphere," AIIS president David Phelps said in a
Steel exports totaled
1.16 million tons in May, up 11.6 percent from 1.04 million
tons the previous month but down 7.9 percent from 1.26 million
tons in May 2012. Year-to-date exports of 5.42 million tons
were down 11.3 percent from 6.11 million tons in the first five
months of last year.
Exports to Canada
totaled 590,236 tons in May, up 10.6 percent from 533,881 tons
in April, and shipments to Mexico inched up 0.7 percent to
343,467 tons from 340,993 tons, but exports to the European
Union fell 28.5 percent to 33,880 tons from 47,391 tons.
"While the increase in
May is encouraging, economic conditions in many international
markets are in turmoil, especially Asia and the E.U., making it
difficult to conclude that the May data are the beginning of a
positive trend at this point," Phelps said.