Steel exports decline further to 11-month low in November

The amount of steel exiting the country continued to decline through November, falling to an 11-month low, according to the latest US Department of Commerce data. This is the third month in a row that steel exports have eased and the second-lowest monthly rate recorded in almost two years.

Steel exports fell 11% month on month (m/m) to 662,000 short tons (st) in November, 21% lower than the one-year high seen last August. November exports were 16% below the average monthly rate of 2024 to date (785,000 st), and 9% less than the same month one year prior.

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.