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Latin American steel exports to the US reach 617Kt

Staff writer ▼ | November 29, 2013
BNamericas reported that Latin America exported 617,123 tonne steel to the U.S. in October up 35.3% from 456,031 tonne in the same month last year, according to figures from the U.S. Census Bureau.
Latin America steel
Latin America steelBNamericas reported that Latin America exported 617,123 tonne steel to the U.S. in October up 35.3% from 456,031 tonne in the same month last year, according to figures from the U.S. Census Bureau.


The bulk of the growth was from Brazil, which saw a 56.4% rise to 368,977 tonne, representing 59.8% of the region's total, and up from 235,937 tonne in October 2012.

Mexico's steel exports to the U.S. also rose from 201,532 tonne to 217,410 tonne, a 7.9% increase.

By value, the region's steel exports to the U.S. in October were worth $438.1 million, an 18.2% increase from $370.7 million in the year-ago period.

The value of Brazil's exports was up 24.1% at $193.9 million (Oct 2012 $156.3mn), while in Mexico the figure was up 7.6% at $194.1 million, from $180.3 million.

Argentina's exports were up from 12,095 tonne to 26,469 tonne, worth $45.5 million, while Colombia's exports dropped from 2,230 tonne to 347 tonne, worth $458,000.

Chile exported 14 tonne in the month, compared to zero in the year ago period, while exports from other South and Central American countries fell to 3,906 tonne, worth $4 million, from 4,237 tonne.

Brazil was the world's second biggest steel exporter to the U.S. by volume in October, behind Canada, with Mexico fifth behind Korea and Russia.

Global exports to the U.S. totaled 2.8 million tonne worth $2.6 billion, compared to 2.5 million tonne worth $2.3 billion in September, reflecting increases in blooms, billets and slabs, and oil country goods, and decreases in hot rolled sheet and reinforcing bars.


 

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