Economy
March 13, 2014
Net Steel Trade through January 2014
Written by Peter Wright
Canada was the highest volume exporter of all carbon and low alloy steel products to the US in both the last 12 and 3 month periods through January with 4,956,812 and 1,172,616 tons respectively (Figure 1). Mexico came in 4th in 12 months after Brazil and Korea but was bumped into 5th place by Russia in the last three months. These figures include semi-finished.
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.
