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    U.S Steel Exports Inch Up in July

    Written by Brett Linton


    The U.S. exported 620,598 tons of flat rolled steel in July, according to final Census data, a 4 percent rise from June, but down 5 percent from the same month one year ago.

    July exports were in line with the 2019 average of 611,019 tons, but down significantly compared to recent years. It was this time last year when exports dropped from their 850,000+ ton levels down to sub-700,000 levels (see purple chart below).

    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.