October Steel Exports at 719,000 Tons, Seven-Month Low

U.S. steel exports fell 2% from September to October and are now at 719,000 net tons, according to the latest U.S. Department of Commerce data. This is the lowest monthly export level in seven months. Recall that in March and June of this year, we saw the two highest monthly export levels in the last three years (790,000 and 778,000 tons, respectively). 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 October, five products decreased month-over-month and one increased.

Brett Linton

Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

Brett Linton

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