Significant Increase in Austrian Steel Exports to U.S.
U.S. Steel Imports are rising substantially, prices are on the fall. Austrian suppliers could raise their share.
In January, the U.S. recorded steel imports of 2.31 million tons, which is a rise by 20.3% against January 2011. The volume was $ 2.65bn. As a result, the average price per ton amounted to $ 1149. In 2011, the average price was still $ 1180.
Although Austria is a small supplier, the Austrian steel company voestalpine and other niche players could increase their exports to the U.S. Deliveries in January reached 25,240 tons (+43.7% against January 2011). Goods value was up by 32.8% to $ 50m. The development of Austrian steel exports to the U.S. is substantially different to German steel exports, which declined by 21.4% in January.
Moreover, the average price of Austrian steel totaled $ 1983 per ton, which can be seen as top price.
In 2011, Austrian steel producers registered exports of 281,078 tons to the U.S. (+48.8% against 2010). Goods value was up by 68.7% to $ 570.5m, the average price accounted for $ 2030 per ton. Steel delivered by EU countries has an average price of $ 1,810, the price for German steel was $ 1823 per ton.