Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Exports of steel products from Mexico to the US grew by 14pc in H1 2021 compared to the same period last year, according to information from the US Census Bureau.

 

In its report monthly report on Imports for Consumption of Steel Products, the bureau informed that Mexican exports were the fastest growing in this period, up 14pc to 1.91mn mt from 1.67mn mt in H1 2020. In June, shipments from Mexico to the US in this category grew by 77pc to 387,138mt from 218,280mt in the sixth month of last year.

 

Mexico increased its alloy steel products exports to the US by 18pc in this period, to 447,606mt from 380,336mt in the first half of 2020. Exports of these products jumped by 177pc in June to 82,209mt from 29,650mt in the same month a year ago.

 

Stainless steel products exports climbed by 8pc in H1 2021, to 17,500mt from 16,258mt in the first half of last year. For the sixth month of this year, they were up 5pc, to 2,096mt from 1,997mt in June 2020.

 

Carbon (non-alloy) steel product shipments from Mexico to the US increased by 13pc in January-June 2021 to 1.4mn mt from 1.2mn mt in H1 2020. In June, they jumped by 62pc to 302,834mt from 186,633mt in the same month a year ago.

 

Overall, Mexico exported steel products worth $2.9bn in H1 2021, up 21pc from $2.4bn between January and June a year ago. In June, the value of exports grew by 137pc, to $394mn from $166mn in the sixth month of 2020.

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