U.S. Steel Exports Flat in August at 764,000 Tons

U.S. steel exports increased 1% from July to August at 764,000 tons, according to the latest U.S. Department of Commerce data. August levels remain in line with exports over the last few months. Recall that July saw the second highest monthly export level in the last three years (778,000 tons), just behind the April 2021 high of 790,000 tons. It was just last summer when the market saw record low exports, with May 2020 levels reaching the lowest seen in 24 years at 374,000 tons.

Of our six monitored product groups in August, three products increased month-over-month and three declined.