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    U.S Steel Exports Show Decline in June

    Written by Brett Linton


    The U.S. exported 600,000 tons of steel in June, according to final Census data, a 5 percent slip from May, and down 34 percent from the same month one year ago.

    June exports were in line with the 2018 average (~610,000 tons), but down significantly compared to the past few years. This time last year, exports were over 900,000 tons and were averaging 860,000+ tons in the spring and early summer months. It was July 2018 when exports dropped to sub-700,000-ton levels.

    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.