Iron & steel in   United States

Overview In November 2024 United States' Iron & steel exports accounted up to $1.53B and imports accounted up to $2.29B, resulting in a negative trade balance of $766M. Between November 2023 and November 2024 the exports of United States'   Iron & steel have decreased by $-26.6M (-1.71%) from $1.55B to $1.53B, while imports increased by $63.4M (2.84%) from $2.23B to $2.29B.

Destinations In November 2024, Iron & steel were exported mostly to Mexico ($491M), Canada ($334M), Turkey ($158M), India ($103M), and Bangladesh ($53.1M), and were imported mostly from Canada ($528M), Brazil ($341M), Mexico ($238M), South Korea ($107M), and Germany ($92.7M).

Growth In November 2024, the decrease in Iron & steel's year-by-year exports was explained primarily by a decrease in exports to Bangladesh ($-50.7M or -78.4%), Turkey ($-50.2M or -36.4%), and Egypt ($-42.6M or -99.9%). In November 2024, the increase in Iron & steel's year-by-year imports was explained primarily by an increase in imports from Germany ($60.4M or 80.4%), Italy ($26.2M or 91.5%), and Spain ($25.9M or 144%).