Prices
August 9, 2022
US Steel Exports Steady in June at 800,000 Tons
Written by Brett Linton
US steel exports were up 1% from May to June, totaling just shy of 800,000 net tons, according to the latest US Commerce Department data. This is the third highest monthly export rate seen in the past four years. On a 12-month moving average (12MMA), June exports rose to a 3+ year record high. Total June exports are 3% higher than levels seen one year ago.
As shown in the graph below, June exports remain high in comparison to recent years. For comparison, the highest monthly figure seen in the past four years was in March 2022 at 843,000 tons. The highest level recorded in Figure 1 was 1.05 million tons in May 2017, and the highest monthly rate in our history was January 2012 at 1.32 million tons. Recall that in June 2020, total steel exports had fallen to a 24-year low of 374,000 tons.
