Steel Products Prices North America
January 13, 2014
Net Steel Trade through November 2013
Written by Peter Wright
In the 12 months through November the US imported 29,129,427 tons of all steel products including semi finished, exported 11,594,574 tons for a net steel trade deficit of 17,534,853 tons. The major net importer was Brazil with 3,591,401 tons. Canada and Mexico both imported more from the US than they exported to the US resulting in a US trade surplus of 1,138,039 and 738,343 to those nations respectively (Figure 1).
The US steel industry pays a lot of attention to imports, rightly so, but at SMU we believe a net trade analysis is also important because it shows how much trade pressure or relief is being experienced by individual products.
