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Richard Chriss, Esq.
AIIS Executive Director
Ph: 703.245.8040
[email protected]
News from AIIS
For Immediate Release
August 7, 2014
AIIS Statement on June 2014 Steel Exports
Falls Church, VA. August 7, 2014. Exports of U.S. steel held steady in June, as increases to minor trading partners offset decreases
to the North American Free Trade Agreement (NAFTA) countries.
Total exports increased 0.5 percent from May to June to reach 1.04 million net tons, which was 2.2 percent lower than the June 2013
total. Exports were down 6 percent to Mexico to 341,481 net tons, and 4 percent to Canada to 536,502 net tons. Compared to June
2013, these numbers represent an 8 percent increase for Mexico, and a 7 percent decline for Canada.
While exports to the United States’s NAFTA partners were down, other countries made up the difference, most notably Brazil, which
more than doubled its imports of American steel to 19,891 net tons; Russia, which bought 6,092 net tons in June, more than six
times the amount in the preceding month; and certain other countries in the Western Hemisphere, Asia and Africa.
For the first half of the year, exports were down 6.5 percent from a year earlier to 6.06 million net tons. Year-to-date exports to
Canada have declined 4 percent, while exports to Mexico have increased 2.5 percent. Exports to most other trading partners are
down for the year, though two notable – and, perhaps, surprising – exceptions are Venezuela (up 139 percent) and Russia (up 123
percent). The raw numbers are still small, though: Venezuela and Russia combined accounted for just under 1 percent of all steel
exports this year.
About 85 percent of all steel exports from the U.S. go to Canada or Mexico, which means that export numbers are heavily influenced
by economic conditions in North America, which are, in large part, shaped by the U.S. economy. After a dismal first quarter in the
United States – with gross domestic product (GDP) shrinking 2.1 percent – the American economy bounced back in the spring,
growing by 4 percent in the April-to-June period, according to the recently announced initial estimate from the U.S. Department of
Commerce's Bureau of Economic Analysis. That number may steady nerves shaken by the negative growth early in the year and
spur more economic activity, driving steel sales.
Total steel exports in June 2014 were 1.041 million tons compared to 1.036 million tons in May 2014, a 0.5 percent increase, and a
2.2% percent decrease compared to June 2013. According to year-to-date figures, exports decreased 6.5% compared to 2013, or
from 6.482 million tons in 2013 to 6.063 million tons in 2014.
The American Institute for International Steel is the only steel-related association that supports free trade. The Institute accomplishes its mission
through advocacy, networking, communications, and education.
Steel Export Analysis
(net tons)
U.S. Exports of Steel
June 2014
Total
Canada
Mexico
EU
Russia
Turkey
Brazil
1 of 3
May 2014
1,040,787
536,502
341,481
28,445
6,092
1,093
19,891
1,035,609
559,231
363,325
28,387
967
1,804
8,405
Percent Change
June 2013
Percent Change
0.5%
1,064,242
-2.2%
-4.1%
576,521
-6.9%
-6.0%
315,785
8.1%
0.2%
29,876
-4.8%
530.0%
380
1503.2%
-39.4%
1,174
-6.9%
136.7%
10,140
96.2%
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Venezuela
Ecuador
Argentina
Colombia
Trinidad and Tobago
Peru
Chile
Dominican Republic
Panama
Other Western Hemishpere
Africa
Australia
China
Korea
India
UAE
Pakistan
Singapore
Vietnam
Japan
Taiwan
Other Asia
Others
3,932
724
631
4,995
259
1,691
1,109
2,906
785
28,164
11,317
2,159
9,230
2,899
7,142
1,826
2,998
2,841
2,267
1,670
1,276
15,727
735
2,341
413
768
4,483
913
1,200
547
6,077
509
6,576
6,028
1,095
10,834
3,600
7,879
1,577
2,872
1,988
943
2,761
1,346
7,603
1,137
68.0%
75.3%
-17.8%
11.4%
-71.6%
40.9%
102.7%
-52.2%
54.2%
87.7%
97.2%
-14.8%
-19.5%
-9.4%
15.8%
4.4%
42.9%
140.4%
-39.5%
-5.2%
106.9%
-35.4%
3,159
9,103
1,050
7,909
1,267
1,579
1,588
4,053
1,731
38,443
11,952
1,497
9,425
5,006
8,227
3,023
2,749
3,398
633
2,057
1,695
9,969
853
24.5%
-92.0%
-39.9%
-36.8%
-79.6%
7.1%
-30.2%
-28.3%
-54.7%
-26.7%
-5.3%
44.2%
-2.1%
-42.1%
-13.2%
-39.6%
9.1%
-16.4%
258.1%
-18.8%
-24.7%
57.8%
-13.8%
Cumulative Exports
YTD 2014
Total
Canada
Mexico
EU
Russia
Turkey
Brazil
Venezuela
Ecuador
Argentina
Colombia
Trinidad and Tobago
Peru
Chile
Dominican Republic
Panama
Other Western Hemishpere
Africa
Australia
China
Korea
India
UAE
Pakistan
Singapore
Vietnam
Japan
Taiwan
Other Asia
Others
Analysis
Total Exports
NAFTA
non-NAFTA Western Hemishpere
2 of 3
6,063,068
3,228,985
2,054,387
172,236
11,751
7,951
57,522
41,529
4,110
4,225
26,828
5,547
9,295
5,457
46,712
8,577
67,050
43,602
8,125
57,375
20,952
40,595
14,014
16,773
12,046
6,174
10,597
6,360
67,526
6,767
YTD 2014
YTD 2013
Percent Change
6,481,993
-6.5%
3,372,188
-4.2%
2,005,040
2.5%
213,968
-19.5%
5,268
123.1%
10,722
-25.8%
41,639
38.1%
17,377
139.0%
14,660
-72.0%
3,079
37.2%
66,469
-59.6%
9,932
-44.2%
38,077
-75.6%
9,674
-43.6%
98,775
-52.7%
74,626
-88.5%
129,194
-48.1%
53,398
-18.3%
11,480
-29.2%
46,385
23.7%
24,436
-14.3%
43,159
-5.9%
27,429
-48.9%
17,634
-4.9%
15,660
-23.1%
11,170
-44.7%
11,293
-6.2%
16,080
-60.4%
87,561
-22.9%
5,620
20.4%
YTD 2013
6,063,068
5,283,372
276,852
Percent Change
6,481,993
5,377,228
503,502
-6.5%
-1.7%
-45.0%
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EU 172,236
Africa 43,602
Total Asia 252,412
213,968
53,398
300,807
-19.5%
-18.3%
-16.1%
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