Author: Paul Ploumis
05 May 2015 Last updated at 03:25:30 GMT
SAO PAULO (Scrap Monster): The most recent trade data published by the Brazil’s Ministry of Development and Trade indicates that steel flat products exports by the country flourished during the month of April this year. On the other hand, exports of semis dropped considerably.
According to data, Brazil exported 131,300 mt of flat steel products during the month of April this year, 19% higher when compared with the exports of 110,400 mt during April last year. Also, the revenue from exports rose 11.55% year-on-year to $92.7 million FOB during the month, in comparison with the revenues of $83.1 million FOB recorded during the same month a year before.
Also, exports during April this year were down 58% when compared with the previous month. The exports plunged when matched with the total shipments of 312,400 mt during March ’15. The revenue from exports in April has dropped sharply by 53.1% from $197.7 million FOB during March this year.
Meantime, the country’s exports of semi-finished steel products dropped almost 4% from 424,300 mt in April 2014 to 407,800 mt during April this year. The overall sales recorded a decline of 27.5% year-on-year to $161.1 million FOB. When compared with the previous month, the semi-finished steel exports by the country were down 29.1%. The exports had totaled 575,600 mt during March this year. The overall sales were down 34.4% month-on-month when matched with $245.7 million FOB in March ’15.