• Skip to main content

    Prices

    June 12, 2022

    April Steel Exports Ease From March High

    Written by Brett Linton

    US steel exports declined 2% in April to 830,000 net tons, falling from the 45-month high seen in March, according to the latest US Commerce Department data. On a 12-month moving average, April exports have now risen to a 39-month record high. Total April exports are 9% higher than levels seen one year ago.

    As shown in the graph below, April exports are at the second-highest monthly level seen in nearly four years. Prior to March, the previous multiyear record high was 790,000 tons in April 2021. Recall that in May 2020 total steel exports had fallen to a 24-year low of 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.

    Read more from Brett Linton

    Latest in Prices

    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.