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    U.S. Steel Exports Rise in June, But Remain Historically Low

    Written by Brett Linton


    U.S. steel exports in June increased 20 percent from the prior month’s 24-year low. Now standing at 423,000 tons, June exports are 29 percent lower than levels one year prior, according to recent U.S. Department of Commerce data.

    The 2020 monthly average for exports has decreased to 522,000 tons, whereas the first six months of 2019 averaged 609,000 tons. The 2019 monthly average was 616,000 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.