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US steel exports jump 10.5% in January

Keywords: Tags  steel exports, January, hot-dipped galvanized sheet and strip, line pipe, stainless, Thorsten Schier

NEW YORK — U.S. steel mill product exports rose in January compared with the previous month, buoyed by sharp increases in shipments of hot-dipped galvanized sheet and strip, line pipe and stainless steel.

Exports totaled 873,674 tonnes, up 10.5 percent from December but down 10.6 percent from a year earlier, according to the latest data from the U.S. Commerce Department’s Enforcement and Compliance division.

Shipments to Canada climbed 13.3 percent to 479,135 tonnes in January from 423,050 tonnes in December, while Mexico’s intake rose 12.2 percent to 303,014 tonnes from 270,162 tonnes in the same comparison.

January exports of hot-dipped galvanized sheet and strip climbed 25.9 percent from December to 105,071 tonnes, line pipe shipments more than tripled to 28,389 tonnes and stainless steel shipments rose 31.7 percent to 50,086 tonnes.

The only major product groups to record declines in January exports were oil country tubular goods, which fell 23.2 percent from December to 34,630 tonnes, and hot-rolled sheet, which dropped 7.3 percent to 55,416 tonnes in the same comparison.

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