Latin American steel exports to the US declined in October on a yearly basis, due to lower demand witnessed in Mexico, Brazil, and other Central American countries from the US.
Mexico’s steel exports to the US fell by 30.9pc to 252,348mt in October from 365,404mt shipped in the same month of 2019. Meanwhile, Brazilian exports decreased by 77.3pc to 91,386mt from 403,599mt in the same period, according to figures from the United States Census Bureau. Steel exports from other South and Central American countries also fell by 76pc to 100,282mt in October from 418,779mt in the same month the prior year.
Carbon non-alloy steel
Mexican carbon non-alloy steel exports to the US were down by 29.1pc in October to 193,775mt against 273,491mt in the same month in 2019. Brazilian exports of the same grades fell by 77.2pc to 68,903mt over 302,839mt in the same period. Exports from other South and Central American countries were short by 74.4pc to 77,692mt in October from 307,573mt in October 2019.
Alloyed steel products
Mexico’s exports of alloyed steel products to the US declined by 36.2pc to 56,281mt in October, from 88,284mt exported in the same month of 2019. Brazil’s alloy steel exports to the US also fell by 78.1pc to 21,983mt against 100,464mt in the same timeframe.
Other South and Central American exports saw the steepest decline in October of 80pc to 22,088mt from 110,907mt in the same month last year.