May steel exports slip to 4-month low

Total US steel exports slipped 7% month-on-month (m/m) to 785,000 short tons (st) in May, according to the latest Department of Commerce data. Following April’s eight-month high, May represents the second-lowest monthly export rate of the year, only greater than January’s 771,000-st level.

Steel exports averaged 806,000 st per month in the first five months of 2024, 1% lower than the same period last year. Total May exports are 14% lower than the same month last year, when we saw a near five-year high rate of 914,000 st.

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.