Steel export volumes remain weak through July

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

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.