In February 2023, US steel exports increased by 7.9 per cent from January to 713,250 tonnes and an increase of 8.2 per cent compared to February 2022, according to export data from the US Department of Commerce.

In terms of value, US steel exports totalled $1.25 billion in February, compared to $1.23 billion in January and $1.19 million in February 2022.

Steel exports to Canada increased by 10.3 per cent in February compared to January and by 18.5 per cent from February 2022, reaching 350,998 tonnes.

Exports to Mexico increased by 5.4 per cent monthly to reach 317,561 tonnes, an increase of 1.5 per cent compared to last year.

In February, other major destinations for US steel exports were Singapore at 3,344 tonnes, India at 3,107 tonnes, Japan at 2,298 tonnes, China at 2,245 tonnes and Brazil at 2,140 tonnes.