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    U.S. Steel Exports Dip in September

    Written by Brett Linton


    The U.S. exported 614,893 tons of steel in September, according to final Census data, a 6 percent decline from August, but up 5 percent from the same month one year ago.

    September exports were right in line with the 2019 average of 615,874 tons, but remain significantly muted compared to recent years. It was just over one year ago when exports dropped from their 850,000+ ton levels down to sub-700,000 levels, as shown in the purple line graph 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.