US steel exports in 2011 surge to near all time record of 2008
Wednesday, 15 February 2012 | 13:00
US Steel exports declined in December 2.4% MoM compared to November but for the full year of 2011 compared to 2010, exports increased by 12.1% YoY
The export total for 2011 was 13,454,195 tons, within 0.16 percent of the all time record of 13,476,046, in 2008.
Total Steel exports in December 2011 were 1.201 million tons compared to 1.230 million tons in November 2011, a 2.4% decrease, and a 29.4% increase compared to December 2010. According to year-to-date figures, exports increased 12.1% compared to 2010 or from 12.004 million tons in 2010 to 13.454 million tons in 2011.
Mr David Phelps president of AIIS said “The month on month reduction stems from declines in exports to the EU, Asia and NAFTA regions. Exports increased to other western hemisphere countries and Africa.”
He added “Steel exports continued their advance in 2011, with shipment of US made steel products increasing to all international markets. The continued growth in exports reflects both the commitment that American steel producers have made to participating in international markets as well as especially the growth in demand in the developing world. While US steel exports to our NAFTA partners dominate, we are pleased to see the continued growth in non-NAFTA markets.”
Mr John Foster chairman of AIIS said “This level of exports of American made steel only reemphasizes that globalization can translate into high paying American jobs. Manufacturing in the US is working its way back to economic health slowly but surely, and these numbers tell us our domestic steel industry is highly internationally competitive. We look forward to working with our domestic industry partners to grow steel exports further in the future. The AIIS stands for free and responsible trade in steel and supporting this concept will be mutually beneficial.”
Source: Steel Guru
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