Steel Products Prices North America
July 11, 2022
US Steel Exports Down 4% in May, 12MMA Climbs to 40-Month High
Written by Brett Linton
US steel exports fell 4% in May to 793,000 net tons, further declining from a 45-month high in March, according to the latest US Commerce Department data. On a 12-month moving average (12MMA), May exports have reached a 3+ year record high. Total May exports are 7% higher than levels seen one year ago.
As shown in Figure 1, May exports are at the fourth-highest monthly level seen in the past four years. Prior to March’s high, the previous multiyear high was 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.
