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    U.S. Steel Exports Increase in April But Remain Weak

    Written by Brett Linton


    U.S. steel exports in April totaled 602,652 net tons (546,717 metric tons), up 2.3 percent from March, but down 30.0 percent from levels one year ago.

    This is the fifth lowest monthly export level seen in Steel Market Update’s 10-year history, behind December 2018 at 519,099 tons, September 2018 at 584,858 tons, March 2019 at 589,057 tons and February 2019 at 599,430 tons. Around this time last year, exports were averaging 850,000 tons.

    Brett Linton

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    Mills seek more scrap after lower prices fail to attract tons

    Several mills that bought October scrap early last week are still asking for additional supplies, scrap market participants said. The reason: the mills' initial prices did not attract enough of the raw material, they said. A trading source based in northern Ohio said three mills have contacted his firm seeking offers for additional tons. He said the mills asked for offers even if prices were higher than their original buys last week.