Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/f0e832f2aa0cf1edd0fde90ad354cf32.jpg)
AIIS: Steel Exports Dip in July
Written by Sandy Williams
September 6, 2014
AIIS, Falls Church, VA. September 5, 2014 — Steel exports continued to trend downward in July, slipping 3.3 percent to just over 1 million net tons.
While exports to Canada were virtually unchanged from June to July at 536,892 net tons, and the amount of steel sent to Mexico increased 7.4 percent to 366,732 net tons, exports to most of the United States’ minor trading partners were down. Brazil accounted for more than 40 percent of the overall decrease, with steel exports to that country dropping nearly 73 percent to 5,406 net tons. The European Union brought in 26,664 net tons of American steel in July, 6.3 percent less than a month earlier. Steel exports to most countries were also substantially lower than they were in July 2013, though Mexico was up 3.8 percent from a year earlier.
For the first seven months of the year, steel exports decreased 6.6 percent from the same period in 2013 to 7.07 million net tons. Canada was down 5 percent to 3.77 million net tons, while Mexico was up 2.7 percent to 2.42 million net tons. Year-to-date exports to the European Union decreased 17.4 percent to 198,900 net tons. One of the few countries that has been buying more American steel this year is Russia, with 2014 exports to that nation increasing 124 percent to 12,346 net tons. That trend took a hit in July, though, as exports to Russia dipped 90 percent from 6.092 net tons in June to 595 net tons in July.
Analysts continue to say that healthy and consistent economic growth is just ahead of us and, if this is true, it would almost certainly have a positive impact on steel sales. Nearly 90 percent of all steel exports go to North American Free Trade Agreement (NAFTA) trading partners, and a healthier American economy would likely be felt both north and south of the border. The absence of protectionist policies means that trade between the U.S., Canada, and Mexico is shaped by market forces. If and when the market strengthens, and businesses gain confidence that the quarter-to-quarter volatility that we have seen so far this year is unlikely to repeat itself, steel exports will likely grow stronger, as well.
To view the rest of the AIIS press release, click here.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/sandy-williams.jpeg)
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]