The top trade partner during Jan-Oct ’18 was Mexico. The exports to that country increased sharply by 25.85% over the previous year to total around $249 million. In second place was Canada, which received $227.9 million worth of steel bars from the U.S. The Canadian imports from the U.S. were up by nearly 11%, when compared with Jan-Oct ’17. The combined exports to Mexico and Canada accounted for more than 81% of the total U.S. shipments during this period. Meantime, the country imported 6.72% more steel bars until October this year. The imports were up from $698.75 million to $745.71 million over the previous year. The leading sources of import were Canada ($130.03 million), China ($123.39 million), Sweden ($66.4 million), South Korea ($43.4 million) and the U.K. ($40.53 million). The leading gateway of imports was the Port of Houston. The combined imports from the above five foreign markets equaled $403.76 million, accounting for 54.14% of all imports of miscellaneous steel bars by the U.S during Jan-Oct ’18. |
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