According to export data from the US Department of Commerce, monthly steel exports in February 2022 increased 5.1% from January to total 659,436 mt. A year-on-year comparison shows a 7.3 % increase. In terms of value, US steel exports in February totaled $1.19 billion, compared to $1.15 billion in January and $829.2 million in February 2021.
Steel exports to Canada in February decreased 2.6% to 296,201 mt, but increased 8.8 % from February 2021. Exports to Mexico increased 9.9 % month-on-month to 312,821 mt, which is up 12.8 % from the same month a year ago.
Other top destinations for US steel exports in February include: Dominican Republic, with 4,137 mt; Australia, with 3,633 mt; China, with 3,233 mt; Brazil, with 3,005 mt; and Pakistan, with 2,539 mt.
