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US steel exports down 3.6 % in October

According to export data from the US Department of Commerce, monthly steel exports in October 2022 decreased 3.6 % from September to total 632,670 mt. A year-on-year comparison shows a 3.1 % decrease.

In terms of value, US steel exports in October totaled $1.21 billion, compared to $1.26 billion in September and $1.14 billion in October 2021.

Steel exports to Canada in October decreased 10.9 % to 269,659 mt, and decreased 11.0 % from October 2021. Exports to Mexico increased 1.5 % month-on-month to 313,001 mt, which is up 4.1 % from the same month a year ago.

Other top destinations for US steel exports in October include: Dominican Republic, with 6,454 mt; Singapore, with 3,368 mt; United Kingdom, with 2,791 mt; China, with 2,695 mt; and Italy, with 2,579 mt.

Major steel products exported in October include HDG, at 94,330 mt; cut-length plates, at 81,101 mt; hot rolled sheets, at 54,753 mt; cold rolled sheets, at 48,874 mt; and plates in coil, at 27,747 mt.

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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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