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Latin America expands steel exports to US

Latin America exported 804,170 tonnes of steel to the US in June, a 57.5% increase from 510,507 tonnes in the same month last year.

According to preliminary data from the US Census Bureau, the biggest increase was in exports from Brazil, which rose 151% to 413,508 tonnes from 165,001 tonnes followed by Mexico, whose exports grew 13.3% to 368,899 tonnes from 325,594 tonnes.

Argentina exported 17,871 tonnes steel up from 14,989 tonnes while Colombia shipped 2,655 tonnes up from 1,313 tonnes.

Exports from the region rose compared to 700,039 tonnes in May. By value, the region’s steel exports to the US gained 54.3% to USD 587 million in June from USD 381 million.

Mexico was the region’s biggest exporter by value at USD 315 million followed by Brazil at USD 238 million. Globally, Brazil was the world’s third biggest exporter of steel to the US by volume behind Canada and South Korea and ahead of Mexico, which was fourth.

By value, Mexico was third behind Canada and South Korea, and ahead of fourth place Brazil. World steel exports to the US totaled 3.25 MT in June, up from 2.23 MT in the same month last year and down from 3.64 MT in May.

Source – Business News Americas

(www.nctv.net)

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