Steel Products Prices North America
May 10, 2022
March Steel Exports Rise to 843,000 Tons, Near 4-Year High
Written by Brett Linton
US steel exports jumped 16% in March to 843,000 net tons, now the highest monthly level seen since June 2018, according to the latest US Department of Commerce data. On a 12-month moving average, March exports continue to hold onto a 3-year record high at 741,000 tons per month. Total March exports are 7% higher than levels seen one year ago.
As shown in the graph below, March exports are now at the highest level seen in nearly four years. Prior to this month, the previous multi-year record high was seen exactly one year ago, when we saw a 3-year high of 790,000 tons in March 2021. Recall that in May 2020 total steel exports had fallen to a 24-year low of 374,000 tons.
