According to SECEX, the Brazilian secretariat for Foreign Trade under the Ministry of Development, Industry and Foreign Trade, Brazil exported 144,005 tons of finished carbon steel products worth $111,634 million in July, while imports totaled 253,794 tons worth $194.592 million.
Data for July show a trade deficit of 109,788 tons, compared with 138,586 tons in June. In value terms, the deficit reached $82.957 million in July, compared with $102.566 million in June.
In June, Brazil exported 145,038 tons of finished steel worth $113,007 million and imported 283,264 tons of finished steel worth $215.173 million..
The volume deficit decreased mainly because CRC imports decreased by 85% and coated flat rolled products imports decreased by 45%.
In terms of volume, the main exported goods in July were rebar (34%), wire rod (29 percent), HRC (19 percent) and coated flat rolled products (11 percent).
The main imported goods were HRC (34 percent), coated flat rolled products (30 percent), wire rod (11 percent) and rebar (10 percent).
Imports from China accounted for 20% of total imports of finished steel products to Brazil in July, the lowest in recent years, compared with 29% in June. This decrease reflects the continued impact of the anti-dumping measures taken by the Brazilian authorities regarding CRC and coated flat steel imports from China.
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