Trade Resources Industry Views US Steel Exports Increased in October Compared to September 2012 by 12.1%

US Steel Exports Increased in October Compared to September 2012 by 12.1%

US steel exports increased in October compared to September 2012 by 12.1% according to government reporting.

Mr David Phelps said "Exports to both NAFTA and the smaller steel export markets in Asia and the EU increased on a month-to-month basis offsetting declines in other markets. The increase in exports - notwithstanding concerns about economic conditions in many international markets -- is gratifying. Domestic mills continue to show their international competitiveness and perhaps benefit from currency exchange rate dynamics and capacity utilization efficiencies."

He added "Steel exports increased in the year to date period by 6.8% compared to 2011. The reversal of the downward trend experienced in recent months for steel exports has solidified 2012 as on track to set a new steel export record for the year."

Total Steel exports in October 2012 were 1.186 million tons compared to 1.058 million tons in September 2012, a 12.1% increase, and a 3% increase compared to October 2011. According to year-to-date figures, exports increased 6.8% compared to 2011 or from 11.023 million tons in 2011 to 11.778 million tons in 2012. 

  Oct-12 Sep-12 MoM Oct-11 YoY
Total 1,185,814 1,057,801 12.1% 1,151,135 3.0%
Canada 574,922 534,016 7.7% 565,918 1.6%
Mexico 393,691 319,206 23.3% 310,773 26.7%
EU 41,153 37,339 10.2% 36,347 13.2%
Russia 543 1,087 -50.0% 1,273 -57.3%
Turkey 1,293 1,160 11.5% 1,108 16.7%
Brazil 13,827 9,125 51.5% 17,255 -19.9%
Venezuela 7,312 4,062 80.0% 4,254 71.9%
Ecuador 549 430 27.7% 1,996 -72.5%
Argentina 284 980 -71.0% 1,192 -76.2%
Colombia 6,170 7,510 -17.8% 5,399 14.3%
Trinidad and Tobago 2,500 340 635.3% 1,303 91.9%
Peru 6,172 13,922 -55.7% 15,133 -59.2%
Chile 3,864 3,447 12.1% 978 295.1%
Dominican Republic 17,648 28,312 -37.7% 5,628 213.6%
Panama 7,604 1,088 598.9% 18,893 -59.8%
Oth Western Hemishpere 10,216 22,178 -53.9% 22,110 -53.8%
Africa 10,157 11,295 -10.1% 54,948 -81.5%
Australia 4,320 3,008 43.6% 3,476 24.3%
China 9,828 11,234 -12.5% 10,521 -6.6%
Korea 4,446 3,472 28.1% 5,305 -16.2%
India 9,287 9,497 -2.2% 14,026 -33.8%
UAE 2,620 4,598 -43.0% 1,261 107.8%
Pakistan 4,485 3,643 23.1% 2,964 51.3%
Singapore 2,898 2,716 6.7% 2,212 31.0%
Vietnam 1,031 922 11.8% 834 23.6%
Japan 2,416 2,088 15.7% 2,323 4.0%
Taiwan 592 6,587 -91.0% 17,781 -96.7%
Other Asia 44,134 12,709 247.3% 23,472 88.0%
Others 1,852 1,830 1.2% 2,452 -24.5%

In net tons

Cumulative exports 

 YTD 2012 YTD 2011 YoY
Total 11,777,542 11,022,982 6.8%
Canada 5,758,658 5,574,166 3.3%
Mexico 3,582,069 2,814,065 27.3%
EU 514,841 459,316 12.1%
Russia 6,212 7,324 -15.2%
Turkey 18,097 29,615 -38.9%
Brazil 179,914 117,850 52.7%
Venezuela 104,570 56,457 85.2%
Ecuador 10,862 38,671 -71.9%
Argentina 6,109 12,792 -52.2%
Colombia 107,572 93,976 14.5%
Trinidad and Tobago 13,201 16,543 -20.2%
Peru 165,052 104,885 57.4%
Chile 22,593 26,452 -14.6%
Dominican Republic 186,243 187,905 -0.9%
Panama 57,522 101,510 -43.3%
Other Western Hemishpere 193,613 236,670 -18.2%
Africa 124,228 220,678 -43.7%
Australia 32,958 30,181 9.2%
China 103,753 127,992 -18.9%
Korea 40,929 63,049 -35.1%
India 97,491 142,034 -31.4%
UAE 30,686 23,118 32.7%
Pakistan 36,351 27,634 31.5%
Singapore 24,411 31,834 -23.3%
Vietnam 8,574 31,447 -72.7%
Japan 23,073 17,399 32.6%
Taiwan 60,695 158,774 -61.8%
Other Asia 245,678 222,095 10.6%
Others 21,587 48,550 -55.5%

In net tons

Analysis YTD 2012 YTD 2011 YoY
Total Exports 11,777,542 11,022,982 6.8%
NAFTA 9,340,727 8,388,231 11.4%
non-NAFTA Western Hemishpere 1,047,251 993,711 5.4%
EU 514,841 459,316 12.1%
Africa 124,228 220,678 -43.7%
Total Asia 671,641 845,376 -20.6%

In net tons

Source: http://www.steelguru.com/international_news/US_steel_exports_in_October_increase_by_12pct_MoM_on_NAFTA_sales/295571.html
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US Steel Exports in October Increase by 12pct Mom on Nafta Sales
Topics: Metallurgy