Steel exports from Latin America to the US increased in July on an annual basis due to higher demand for Brazil and Central American steel.
Exports from Brazil to the US rose by 22.8pc to 1.11mn mt in July from 910,976mt during the same month last year, according to the US Census Bureau data.
Exports of steel products from South and Central American countries increased by 19.4pc to 1.13mn mt in July from 931,581mt in the same prior-year period.
On the other hand, Mexico’s steel exports to the US fell by 30.3pc to 210,996mt last month, from 302,707mt shipped in July 2019.
Carbon non-alloy steel
Brazilian carbon non-alloy steel exports to the US climbed by 69.2pc to 983,464mt in July from 581,062mt shipped in the same month last year.
Exports of carbon non-alloy steel from South and Central American countries increased by 68.6pc to 994,607mt last month from 589,865mt in July 2019, while shipments of the material to the US from Mexico fell by 25.6pc to 168,876mt from 227,209mt during the same period under comparison.
Mexico’s alloy steel products exports to the US fell by 43.8pc to 40,085mt in July from 71,382mt during the same month last year while Brazil’s exports of the material to the US fell by 58.8pc to 135,160mt from 328,325mt during the same period under comparison.
Exports of alloy steel products to the US from other South and Central American countries fell by 60.1pc to 135,490mt in July from to 340,122mt in the same month last year.