Brazil exported 2,300 metric tons of hot-rolled coil (HRC) in September, down 91% from August. Shipments to the United States stopped after Washington raised steel tariffs under Section 232 by 25 percentage points in August, bringing the rate to 50%.
Brazilian producers shipped 16,200 mt of HRC to the US in August to clear customs before the higher tariffs took effect. From January through August, Brazil sent a total of 81,000 mt to the country.
All 2,300 mt exported in September went to South American destinations. ArcelorMittal shipped 1,600 mt at $684 per mt, Usiminas 500 mt at $906, and Gerdau 200 mt at $1,136. Prices were on an FOB basis.
Brazil imported 58,800 mt of HRC in September, compared with 57,600 mt in August. Asia supplied 39,000 mt at an average $569 per mt, including 23,100 mt from South Korea at $554. Egypt supplied another 19,800 mt at $647 per mt. Import prices were also on an FOB basis.
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