Canada 232 retaliation hits US steel exports

摘要

US steel exports have plunged since the Section 232 tariffs were implemented against imports from Canada, Mexico and the European Union, according to a review of Commerce Department figures by Fastmarkets AMM.The US exported 558,661 tonnes of steel in November 2018, the last full month for which figures are available - off 2.4% from 572,513 tonnes in October 2018 and down 30.2% from 800,740 tonnes in November 2017, according to data from the US Department of Commerce's Enforcement and Compliance division.On a percentage basis, some of the products that posted the greatest year-on-year declines were line pipe (down 85.7%), rebar (down 73.9%), hot-rolled coil (down 41.9%) and cut-to-length plate (down 23.8%).Among typical US export destinations, shipments to Canada experienced the steepest drop. The US exported 240,342 tonnes to Canada in November, down nearly 4% from 250,238 tonnes in October 2018 and falling by 38.7% from 391,886 tonnes in November 2017, Commerce data showed.