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News from AIIS
FOR IMMEDIATE RELEASE
Dave Phelps, AIIS President
July 15, 2009
Tel: 703-245-8075
phelps@aiis.org
Exports Increase in May over April Strong International Markets Experience Increased Shipments
US exports of steel mill products increased by nearly 2 percent in May over April, but were down 46 percent compared to May 2008 when exports were at record levels. “Exports in May show some reason for optimism for the international steel market, as export shipments to non-NAFTA Western-Hemisphere countries increased by over 15 percent month on month, while improved shipments to China, India and Vietnam helped contribute to an increase of over 24 percent for all of Asia,” David Phelps, president, AIIS. Exports to Africa also continued to be strong, increasing again in May compared to April by 147 percent and also 45 percent higher than the 2008 total. “Many economists and steel analysts have predicted that the developing world, especially China and India, could drive the world economy out of the current recession and these data show with the increases to the developing world that, for steel, maybe that trend is emerging. With US domestic steel shipments still running behind 2008 by over 53 percent and the US market registering more than a 50 percent decline in apparent supply, these increases are a welcome bit of sunshine for the domestic mills and international trading companies. We hope the trend continues” concluded Phelps. Total Steel exports in May 2009 were 627 thousand tons compared to 617 thousand tons in April 2009, a 1.7 % increase, and a 46% decrease compared to May 2008. According to year-to-date figures, exports decreased 38.7% compared to 2008 or from 5.3 million tons in 2008 to 3.2 million tons in 2009.
The American Institute for International Steel is the only steel related association which supports free trade. The Institute accomplishes our mission through Advocacy, Networking, Communications and Education.
| Steel Export Analysis |
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| U.S. Exports of Steel |
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May 2009 |
April 2009 |
Percent Change |
May 2008 |
Percent Change |
| Total |
627,935 |
617,490 |
1.7% |
1,162,206 |
-46.0% |
| Canada |
307,107 |
342,893 |
-10.4% |
603,466 |
-49.1% |
| Mexico |
150,069 |
140,386 |
6.9% |
236,513 |
-36.5% |
| EU |
25,986 |
25,397 |
2.3% |
66,259 |
-60.8% |
| Russia |
5,762 |
256 |
2150.8% |
717 |
703.6% |
| Turkey |
1,548 |
1,859 |
-16.7% |
2,048 |
-24.4% |
| Brazil |
6,310 |
8,801 |
-28.3% |
16,938 |
-62.7% |
| Venezuela |
5,924 |
7,141 |
-17.0% |
7,353 |
-19.4% |
| Ecuador |
3,274 |
776 |
321.9% |
29,041 |
-88.7% |
| Argentina |
806 |
414 |
94.7% |
1,784 |
-54.8% |
| Colombia |
2,669 |
3,433 |
-22.3% |
4,001 |
-33.3% |
| Trinidad and Tobago |
3,990 |
2,027 |
96.8% |
1,740 |
129.3% |
| Peru |
959 |
1,650 |
-41.9% |
4,852 |
-80.2% |
| Chile |
912 |
1,676 |
-45.6% |
11,703 |
-92.2% |
| Dominican Republic |
1,927 |
752 |
156.3% |
1,883 |
2.3% |
| Panama |
1,542 |
4,552 |
-66.1% |
6,687 |
-76.9% |
| Other Western Hemishpere |
14,725 |
6,148 |
139.5% |
43,963 |
-66.5% |
| Africa |
17,261 |
6,974 |
147.5% |
11,869 |
45.4% |
| Australia |
991 |
769 |
28.9% |
4,048 |
-75.5% |
| China |
18,998 |
14,087 |
34.9% |
28,827 |
-34.1% |
| Korea |
5,807 |
3,607 |
61.0% |
10,211 |
-43.1% |
| India |
20,085 |
12,759 |
57.4% |
16,228 |
23.8% |
| UAE |
2,158 |
2,804 |
-23.0% |
5,496 |
-60.7% |
| Pakistan |
3,492 |
9,791 |
-64.3% |
7,786 |
-55.2% |
| Singapore |
2,823 |
2,028 |
39.2% |
3,123 |
-9.6% |
| Vietnam |
6,337 |
777 |
715.6% |
3,483 |
81.9% |
| Japan |
928 |
1,729 |
-46.3% |
2,574 |
-63.9% |
| Other Asia |
12,914 |
11,352 |
13.8% |
24,559 |
-47.4% |
| Others |
2,631 |
2,652 |
-0.8% |
52,075 |
-94.9% |
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| Cumulative Exports |
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YTD 2009 |
YTD 2008 |
Percent Change |
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| Total |
3,230,693 |
5,266,413 |
-38.7% |
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| Canada |
1,620,240 |
2,859,694 |
-43.3% |
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| Mexico |
772,763 |
1,105,774 |
-30.1% |
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| EU |
131,400 |
302,819 |
-56.6% |
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| Russia |
10,171 |
5,647 |
80.1% |
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| Turkey |
7,088 |
12,111 |
-41.5% |
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| Brazil |
52,922 |
78,708 |
-32.8% |
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| Venezuela |
42,447 |
29,699 |
42.9% |
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| Ecuador |
29,196 |
62,571 |
-53.3% |
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| Argentina |
3,891 |
6,695 |
-41.9% |
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| Colombia |
18,480 |
24,786 |
-25.4% |
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| Trinidad and Tobago |
18,140 |
12,430 |
45.9% |
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| Peru |
15,014 |
43,810 |
-65.7% |
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| Chile |
7,406 |
23,427 |
-68.4% |
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| Dominican Republic |
24,692 |
5,784 |
326.9% |
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| Panama |
22,298 |
24,259 |
-8.1% |
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| Other Western Hemisphere |
46,320 |
88,915 |
-47.9% |
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| Africa |
85,125 |
50,979 |
67.0% |
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| Australia |
8,584 |
12,178 |
-29.5% |
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| China |
73,884 |
102,204 |
-27.7% |
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| Korea |
20,951 |
41,682 |
-49.7% |
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| India |
68,533 |
106,388 |
-35.6% |
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| UAE |
11,317 |
20,812 |
-45.6% |
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| Pakistan |
27,614 |
31,070 |
-11.1% |
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| Singapore |
17,456 |
19,613 |
-11.0% |
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| Vietnam |
10,119 |
62,059 |
-83.7% |
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| Japan |
6,807 |
15,829 |
-57.0% |
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| Other Asia |
61,664 |
100,592 |
-38.7% |
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| Others |
16,171 |
15,878 |
1.8% |
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| Analysis |
2009 |
2008 |
Percent Change |
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| Total Exports |
3,230,693 |
5,266,413 |
-38.7% |
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| NAFTA |
2,393,003 |
3,965,468 |
-39.7% |
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| non-NAFTA Western Hemisphere |
280,806 |
401,084 |
-30.0% |
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| Total Europe |
163,668 |
334,438 |
-51.1% |
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| Africa |
85,125 |
50,979 |
67.0% |
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| Total Asia |
298,345 |
500,249 |
-40.4% | |
