Freight rates for imports of finished steel from Brazil increased in October

Brazil's COMEX foreign trade authority reported average freight rates for the country's steel imports in October.

For coated sheets, they were $56/t from China, $174/t from South Korea, $89/t from Japan, $44/t from Germany and $106/t from India.  For HRC: $98/t from South Korea, 22 US dollars per ton from Austria and 62 US dollars per ton from China.  For CRC: 70 US dollars per ton from South Korea, 47 US dollars per ton from China and 25 US dollars per ton from Egypt.  For rebar: $78/t from Russia, $79/t from China and $34/t from Egypt. Laying costs were $141/t from China, $32/t from Egypt, $23/t from Turkey and $142/t from South Korea.  For beams: $63/t from China and $24/t from Turkey.  For wire rod: $57/t from China, $61/t from Russia, $33/t from Egypt and $20/t from Germany.  In September, Brazil's imports of finished steel products from China by volume were equivalent to 74 percent of the total, up from 52 percent in September.  The average freight rate for Brazilian steel imports in October was $61/t, up from $59/t in September.