United States Steel Export Statistics: Q2 2019
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United States, one of the major steel producers in the world, witnessed a rise in exports of ferrous scrap and Iron Ore in Q2 CY'19 while exports of Coal, finished flat and long steel as well as graphite electrode witnessed a decrease, the recent customs data showed. USA's total crude steel production in Q2 CY'19 stood at 22.36 MnT, slightly increasing by 0.3 % Q-o-Q against 22.30 MnT of production in Q1 CY'19 .
Coal - US coal exports have remained subdued during the second quarter of CY19. Data provided by customs indicate that the country had exported 31.65 MnT coal in Apr-Jun'19 period, down 17% Y-o-Y from 38.36 MnT recorded in the same period last year. Export volumes were also 5% lower on the quarter from 33.17 MnT noted in the first quarter period (Jan-Mar'19).The decline can be pegged to oversupply and a lack of demand in Europe due to mild weather, also contributed by a hefty fall in seaborne thermal coal prices.
Country-wise: Over the period, India emerged as the largest coal importer from the US, however, the buying activity was lowered due to the onslaught of monsoon. Indian coal imports decreased 30% Q-o-Q to 4.37 in Q2 CY19, which was also marked 15% lower on the year from 5.12 MnT in Q2 CY18.
Country-wise: USA majorly exports to Mexico and accounted for 0.6 MnT in Q2CY'19, down by 3% in comparison with 0.62 MnT in previous quarter.
Following this nation's exports to Canada remained stable at 0.53 MnT in Q2CY'19 over preceding quarter.
Finished Long - USA finished long steel exports witnessed a fall in quarterly scrap imports in Q2 CY'19. The country exported 0.19 MnT ferrous scrap in the quarter, down 10% Q-o-Q as against 0.21 MnT ferrous scrap recorded in Q1 CY'19. While on a yearly premises, the finish long steel registered a huge fall of 53% Y-o-Y as against 0.40 MnT in Q2 CY'18.
Country-wise: Canada remained the largest importer of Finished long steel from US in Q2 CY'19 as it imported 0.13 MnT in the quarter, with a share of 68% in total US exports, remaining unchanged Q-o-Q with 0.13 MnT imported in Q1 CY'19 as well.
Mexico was the other significant importer, with a share of 31%, as it imported 0.06 MnT of long steel in Q2 CY'19, up 20% Q-o-Q.
United States Steel Exports: Q2 2019
Product | Q2 CY'19 | Q1 CY'19 | % Change | Q2 CY'18 | % Change |
Q-o-Q | Y-o-Y | ||||
Coal | 31.65 | 33.17 | -5% | 38.36 | -17% |
Ferrous Scrap | 4.9 | 3.6 | 36% | 4.19 | 17% |
Iron Ore | 3.93 | 0.94 | 318% | 4.17 | 6% |
Finished Flat | 1.26 | 1.28 | -2% | 1.61 | 22% |
Finished Long | 0.19 | 0.21 | -10% | 0.4 | -53% |
Graphite Electrode | 0.002 | 0.005 | -60% | 0.005 | -60% |
Quantity in MnT,
Source: SteelMint Stats
* = Correction