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    March Steel Exports Down 13.8% YOY

    Written by Brett Linton


    March steel exports totaled 896,027 net tons (812,863 metric tons), up 2.0 percent over February but down 13.8 percent from March 2014. Total March figures are below both the thee month moving average (3MMA, average of January 2015 through March 2015 figures) and the twelve month moving average (12MMA, average of April 2014 through March 2015 data). Here is a breakdown of flat rolled and plate exports:

    Cut plate exports increased 14.3 percent from February to March to 114,561 tons, but were down 0.7 percent compared to levels one year prior.

    Brett Linton

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    Plate supply squeeze tightens as demand presses higher

    The domestic plate market is showing few signs of relief for steel buyers. Lead times are stretching well beyond seasonal norms, spot availability has all but evaporated, and mills are drawing hard lines on contract volumes heading into 2027 negotiations. And the supply squeeze will likely intensify in a market that some industry sources say is structurally undersupplied because of stringent US trade and tariff policies. Imports have been arriving in larger volumes, and the expectation is they will continue to tick higher into 2027. The big question is whether those foreign tons will arrive in volumes sufficient to provide the relief steel consumers want.