Tag: Exports

The export markets on both coasts have not changed very much over this last week.

Apparent steel supply rose 3% from May to June to the highest rate recorded in over four years, according to recent Department of Commerce and American Iron and Steel Institute (AISI) figures. June’s supply increased to 9.31 million short tons, driven primarily by higher domestic shipments, and partly offset by lower finished imports and increased exports.

US steel exports recovered 7% in June, marking the highest monthly rate recorded since January 2025. Despite the recoveries seen over the last six months, trade has been historically weak for over a year and remains weak compared to 2022-2024 volumes.

There has been renewed activity in the Turkish deep-sea export arena as buyers continue to fill in their September needs.

This item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com. Chinese steel export prices remained rangebound on persistently weak demand. Indian hot-rolled (HR) coil export prices fell amid elevated freight rates and European caution, while Turkish HR coil export prices came under pressure from EU quota exhaustion.  […]

AMU’s July survey found recyclers expecting lower prices as demand softened, while forward scrap supply views remained mixed.

The export market for scrap for Turkey has come back to life over the last week.

Apparent steel supply jumped 8% from April to May to a near four-year high, according to recent Department of Commerce and American Iron and Steel Institute (AISI) figures.

Steel exports eased 1% in May and remain significantly lower than trade of previous years.

Steel export prices will remain under downward pressure across most major regions, due to seasonal demand weakness, intensifying competition, and the redirection of trade flows following the EU's revised tariff-rate quota (TRQ) system. 

The scrap export market in both Europe and the US continued to decline after the activity of last week became confirmable.

The export market off the US East Coast has been largely inactive over the last two weeks.

Apparent steel supply eased from March to April on reduced mill shipments per recent Department of Commerce and American Iron and Steel Institute (AISI) data.

US steel exports improved 2% from March to April to the highest monthly volume seen in 13 months. Although up, trade remains historically low

The bulk deep-sea export market in the Atlantic Basin has not shown much movement lately. Buyers in Turkey have limited their activity in an attempt to bring prices down in both the US and Northern Europe. However, this does not seem to be working to a significant extent.

Catherine Cobden, President and CEO of the Canadian Steel Producers Association (CSPA) called the past year’s 50% tariff imposed on Canada’s steel exports to the US ‘severe and unsustainable.’ 

The export markets are generally showing an increased demand for scrap.

Apparent steel supply surged 11% from February to March, recovering from one of the lower rates recorded in recent years to one of the higher ones.

US steel exports improved in March but remain historically low, having trended lower for over a year now.  

The ferrous scrap export market from the US has been poised to rise further amid reluctance of their Turkish customers to increase prices beyond the recent bullish prices they paid earlier this month.

Apparent steel supply declined 3% from January to February to the third-lowest rate recorded in the past two years, just 5% above the near-five-year low set last November.

US steel exports held steady from January to February and remain near historical lows.

After an active end to March in the Cross-Atlantic export trade, things have calmed down thus far in April.

With global capacity projected to increase by 138 million mt by 2028, the gap between capacity and demand will continue to grow over the next three years. And that assumes the conflict in Iran does not stifle global demand.

Turkish steelmakers entered the scrap market after returning from the Ramadan holiday.

Freight rates have remained high in the US and Northern Europe, and there has been little or no activity in the Mediterranean region since our last export update on March 10.

Apparent steel supply increased from December to January, but remains on the low side compared to recent years.

US steel exports jumped 33% in January but remain historically low, according to recently released US Department of Commerce data.

Chinese steel export prices and Turkish longs export prices increased this week due to higher energy and raw material costs. In India, HR coil exports remained paused amid the Middle East crisis.

The state of the US export market for recycled ferrous scrap is in extreme flux due to events of the last 10 days.