[SMM Iron & Steel] Brazil’s Finished Steel Trade Deficit Narrows Significantly Driven by Anti-Dumping Measures

Published: May 25, 2026 17:28

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According to the Brazil Steel Institute (Aço Brasil), the country's finished steel trade deficit narrowed significantly in the first four months of 2026, dropping to 425,000 metric tons (mt)—a sharp contraction compared to the 1.1 million mt deficit recorded in the same period of 2025. Cumulative finished steel imports for January-April 2026 fell by 25.1% year-on-year to 1.1 million mt, while domestic sales by Brazilian mills rose by 6.3% year-on-year to 6.3 million mt, pushing total apparent domestic consumption to 7.1 million mt. Despite the narrowing deficit, Brazil remained a net importer as exports decreased by 4.7% year-on-year to 715,000 mt, while crude steel production for the period registered a 4.2% increase to 11.2 million mt.

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