Brazil doubles long products exports in February

Brazil shipped 52,430 tonnes of long products in February, double the 22,186 tonnes shipped in the same period last year, according to the Commerce Department.

Total sales follow a 73.9 percent year-over-year growth trend to $ 26.14 million FOB from $ 15.03 million FOB.

Rebar contributed 34,817 tonnes to total long product shipments in February, more than triple the 11,345 tonnes in February 2015.

Rebar sales more than doubled to $ 18.12 million FOB from $ 8.17 million FOB in the corresponding month a year ago, amid falling average prices to $ 520 /t from $ 720.59 /t.

Wire rod shipments increased 62.4 percent in February to 17,613 tons from 10,840 tons in the same period last year, while export value rose 16.9 percent to $ 8.01 million FOB from $ 6.85 million FOB ... The average price dropped to $ 455.29 /ton from $ 632.55 /ton.