NEW YORK U.S. steel exports were mixed in June, rising from the previous month on the back of higher hot-rolled sheet, line pipe and stainless steel shipments but falling from a year earlier.
June exports of 944,186 tonnes were up 0.5 percent from May but trailed June last year by 2.2 percent, according to data from the Commerce Departments Enforcement and Compliance division.
Hot-rolled sheet and line pipe exports climbed 18.4 percent and 12.2 percent, respectively, compared with May, largely due to increased shipments to Canada, which rose 32.1 percent to 30,516 tonnes and 22.4 percent to 11,272 tonnes, respectively.
Stainlesss shipments were buoyed by a surge in deliveries to Honduras to 13,598 tonnes in June from just 9 tonnes the previous month.
Hot-dipped galvanized sheet and strip was the only category to show a significant month-on-month decline, with exports falling 13 percent to 97,725 tonnes, led by a 21-percent drop in shipments to Mexico to 39,759 tonnes.
First-half exports of 6.06 million net tons were down 6.5 percent compared with the same period last year, according to the American Institute for International Steel. Shipments to Canada fell 4.2 percent for the period, while those to Mexico increased 2.5 percent, the AIIS said.