Steel exports from Brazil and Argentina to the US surged by 542pc and 82.1pc, respectively, in February on an annual basis according to the latest US Census Bureau data. Shipments from Mexico, however, declined by 11.3pc in the same period.
Brazil’s steel shipments to the US climbed to 217,049mt in February, from 33,803mt exported in the same month of the prior year, while Argentina’s exports rose to 11,522mt from 6,324mt during the same period under review. Mexico’s steel exports to the US, on the other hand, declined to 228,925mt in February, from 258,053mt in the same month of 2020. Still, Mexico remained the largest Latin American steel exporter to the US despite the fall.
Carbon non-alloy steel
Brazil’s exports of carbon non-alloy steel to the US climbed by 412.6pc to 157,432mt in February, from 30,708mt shipped in February 2020 and Argentina’s exports of the product jumped by 2,122pc to 1,911mt from 86mt in the same period. Shipments from Mexico to the US dropped in February by 10.7pc to 184,715mt, from 206,849 mt shipped in the same month the prior year.
Alloy products
Brazil’s exports of alloy steel products to the US climbed by 1,999pc to 59,238mt in February, from 2,821mt shipped in the same month of the prior year, while Argentina’s exports rose by 54pc to 9,611mt from 6,238mt in the same timeframe. Mexican alloy steel exports to the US, however, declined by 15.9pc to 40,735mt in February, from 48,460mt exported in the same month of 2020.