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    April 7, 2022

    February Steel Exports Rise to 4-Month High, 12MMA at 3-Year High

    Written by Brett Linton

    US steel exports increased 5% in February to 727,000 net tons, following a 6% rise in January, according to the latest US Department of Commerce data. The 12-month moving average through February has now reached a 3-year high. February exports are 7% higher than levels seen one year ago.

    As shown in the graph below, February exports have risen to a four-month high. Nearly one year ago, we saw a high of 790,000 tons in March 2021, the highest monthly export level in the last three years. Recall exports had fallen to a 24-year low in May 2020 to 374,000 tons.

    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.

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