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Brazil`s flat steel exports continue to dip
Brazilian flat steel exports continued to decrease in April, Kallanish learns from the Brazilian Ministry of Development, Industry and Foreign Trade (Mdic). According to the authority`s data, Brazil`s shipments abroad fell for the fourth consecutive month in 2018.
Brazilian flat steel exports were 173,400 tonnes in April, or -7.9% less year-on-year. Cumulative flat steel shipments abroad in the four-month period amounted to 863,807t, down by -11.6% compared to those in the same period of 2017. The export value of these was almost flat on-year at $612.9 million (-0.7%).
The main destination for Brazilian flat steel products was Argentina, which took 19% of the total, while Portugal took 12% of Brazil`s shipments. Exports to the US represented 11% of total Brazil`s shipments abroad.
During April, Brazil saw its exports of semi-finished products increase. The country shipped abroad 719,260t, up by 48.8% y-o-y. Cumulative shipments during the January-April period nevertheless, are still down by -4.8% over 2017 to 2.93mt. The export value of these year-to-date rose by 19.3% y-o-y in April to $1.47 million.
The main destination for the country’s semi-finished products was the United States, which took 52% of Brazil’s total semis’ exports, followed by Turkey (9.4%) and Germany (8.4%).
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Anonymous
Very good overview of the weekly steel market.
Anonymous