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    Analysis

    Steel export volumes remain weak through July

    Written by Brett Linton


    Following a 3% decline in June, the amount of steel shipped outside of the US edged up 1% in July to 623,000 short tons (st), according to recently released data from the US Department of Commerce.

    July was the sixth-lowest monthly export rate since the COVID-19 pandemic, only 8% higher than the near-five-year low of 578,000 st in April (Figure 1). July trade was 9% below the average monthly export rate of the prior 12 months (686,000 st) and 24% less than the same month last year.

    Brett Linton

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