US Steel Exports record 'slow but steady' start to 2014 in January

Steel exports increased 10.5 percent in January 2014 compared to December 2013 but were down 10.6 percent compared to January 2013

WASHINGTON (Scrap Monster):  Steel exports increased 10.5 percent in January 2014 compared to December 2013 but were down 10.6 percent compared to January 2013 according to U.S. Government data. “The stronger showing in January over December is due to improved export tonnages to our NAFTA partners. With the exception of exports to the EU, the other smaller export markets posted another negative month. While the improvement in exports in January is a positive sign, the comparison with January 2013 is not encouraging -- exports declined to all our regional markets, including NAFTA.  With the U.S. steel market starting 2014 on a stronger note compared to 2013, the condition of the international markets early in 2014 appears not to be as positive, at least at this point in time. Some of the decline compared to 2013 could have been due to weather-related logistics difficulties,” said AIIS Executive Director Richard Chriss.

Total steel exports in January 2014 were 963 thousand tons compared to 871 thousand tons in December 2013, a 10.5 percent increase, and a 10.6 percent decrease compared to January 2013.

Steel Export Analysis (net tons)

US Steel Exports 

 

Jan ‘14

Dec ‘13

% Change

Jan ‘13

% Change

Total

963,060

871,384

10.5%

1,077,346

-10.6%

Canada

528,155

466,333

13.3%

575,623

-8.2%

Mexico

334,016

297,803

12.2%

344,261

-3.0%

EU

23,653

20,615

14.7%

27,372

-13.6%

Russia

477

973

-51.0%

855

-44.2%

Turkey

736

899

-18.1%

1,317

-44.1%

Brazil

1,651

4,160

-60.3%

3,633

-54.6%

Venezuela

4,003

2,787

43.6%

1,014

294.8%

Ecuador

484

463

4.5%

402

20.4%

Argentina

881

400

120.3%

181

386.7%

Colombia

5,388

12,936

-58.3%

7,501

-28.2%

Trinidad and Tobago

1,127

3,240

-65.2%

942

19.6%

Peru

1,405

1,215

15.6%

2,070

-32.1%

Chile

1,096

926

18.4%

1,941

-43.5%

Dominican Republic

8,465

1,462

479.0%

1,529

453.6%

Panama

3,498

3,034

15.3%

40,795

-91.4%

Other Western Hemishpere

6,902

7,563

-8.7%

14,399

-52.1%

Africa

2,539

3,776

-32.8%

4,948

-48.7%

Australia

897

1,087

-17.5%

1,660

-46.0%

China

8,388

8,782

-4.5%

7,211

16.3%

Korea

4,505

3,297

36.6%

4,992

-9.8%

India

6,939

7,007

-1.0%

6,430

7.9%

UAE

1,795

3,019

-40.5%

3,440

-47.8%

Pakistan

1,982

3,280

-39.6%

3,020

-34.4%

Singapore

1,621

1,748

-7.3%

1,237

31.0%

Vietnam

926

885

4.6%

1,998

-53.7%

Japan

1,102

1,611

-31.6%

1,573

-29.9%

Taiwan

611

791

-22.8%

3,235

-81.1%

Other Asia

9,140

10,733

-14.8%

13,007

-29.7%

Others

678

559

21.3%

760

-10.8%

Cumulative Exports                                                                                                                

 

YTD 2014

YTD 2013

% Change

Total

963,060

1,077,346

-10.6%

Canada

528,155

575,623

-8.2%

Mexico

334,016

344,261

-3.0%

EU

23,653

27,372

-13.6%

Russia

477

855

-44.2%

Turkey

736

1,317

-44.1%

Brazil

1,651

3,633

-54.6%

Venezuela

4,003

1,014

294.8%

Ecuador

484

402

20.4%

Argentina

881

181

386.7%

Colombia

5,388

7,501

-28.2%

Trinidad and Tobago

1,127

942

19.6%

Peru

1,405

2,070

-32.1%

Chile

1,096

1,941

-43.5%

Dominican Republic

8,465

1,529

453.6%

Panama

3,498

40,795

-91.4%

Other Western Hemishpere

6,902

14,399

-52.1%

Africa

2,539

4,948

-48.7%

Australia

897

1,660

-46.0%

China

8,388

7,211

16.3%

Korea

4,505

4,992

-9.8%

India

6,939

6,430

7.9%

UAE

1,795

3,440

-47.8%

Pakistan

1,982

3,020

-34.4%

Singapore

1,621

1,237

31.0%

Vietnam

926

1,998

-53.7%

Japan

1,102

1,573

-29.9%

Taiwan

611

3,235

-81.1%

Other Asia

9,140

13,007

-29.7%

Others

678

760

-10.8%

Analysis 

 

YTD 2014

YTD 2013

% Change

Total Exports

963,060

1,077,346

-10.6%

NAFTA

862,171

919,884

-6.3%

non-NAFTA Western Hemishpere

34,900

74,407

-53.1%

EU

23,653

27,372

-13.6%

Africa

2,539

4,948

-48.7%

Total Asia

37,009

46,143

-19.8%

Courtesy: American Institute for International Steel, Inc