Analysis
February 10, 2025
Steel exports drop to 2-year low in December
Written by Brett Linton
The volume of steel that exited the country in the month of December fell to a two-year low, according to the latest data published by the US Department of Commerce. This marks the fourth month in a row that steel exports have declined, now at the lowest monthly rate recorded since December 2022.
Steel exports declined 7% month on month (m/m) in December to 613,000 short tons (st), 27% less than the one-year high rate recorded four months prior (843,000 st). December exports were 26% less than the average monthly rate of 2024 (770,000 st). Compared to export levels one year prior, December was essentially flat (less than 1% lower). As evident in Figure 1, December typically holds the lowest export volume out of any other month of the year.
