Steel exports from Latin America to the US dropped in August compared to the same month last year, on lower supply from Mexico, Brazil, and Central American countries.
According to US Census Bureau data, Mexico’s steel exports to the US fell by 2.9pc to 237,140mt in August from 244,395mt shipped in the prior-year period, while Brazil’s exports to the US more than halved to 6,348mt in August from 15,311mt shipped in the same month last year.
Exports of steel products from South and Central American countries plummeted by 66.5pc to 13,635mt in August from 931,581mt in the same month last year.
Carbon non-alloy steel
Brazilian carbon non-alloy steel shipments to the US dropped in August by 50.8pc to 4,823mt from 9,803mt in August 2019, while exports of the product from South and Central America fell by 46.1pc to 11,976mt from 22,211mt in the same period.
However, shipments of carbon non-alloy steel products to the US from Mexico rose by 9.4pc to 209,295mt in August from 191,213mt during the same month last year.
Mexico’s exports of alloy steel products to the US, on the other hand, fell by 47.7pc to 25,928mt in August, from 49,629mt exported in the same month last year. Brazil’s alloy steel exports to the US dropped by 87.8pc to 555mt from 4,584mt during the same period under comparison.
Exports of alloy steel products to the US from South and Central American countries fell by 96.1pc to 686mt in August from 17,564mt in the same month last year.