According to export data from the US Department of Commerce, monthly steel exports in May 2023 increased 18.9 percent from April to total 829,184 mt. A year-on-year comparison shows a 15.3 percent decrease. In terms of value, US steel exports in May totaled $1.49 billion, compared to $1.24 billion in April and $1.36 million in May 2022.
Steel exports to Canada in May increased 9.7 percent to 374,427 mt, and increased 3.4 percent from May 2022. Exports to Mexico increased 33.1 percent month-on-month to 304,305 mt, which is up 31.2 percent from the same month a year ago.
Other top destinations for US steel exports in May include: Brazil, with 4,555 mt; Bahamas, with 2,586 mt; India, with 2,431 mt; China, with 2,383 mt; and Australia, with 2,149 mt.
Major steel products exported in May include HDG, at 135,233 mt; cut-length plates, at 119,394 mt; hot rolled sheets, at 77,534 mt; cold rolled sheets, at 69,474 mt; and beams, at 34,399 mt.