By  Paul Ploumis 13 Aug 2015  Last updated at  02:17:50 GMT

SAO PAULO (Scrap Monster): As per the statistics released by the Brazilian Ministry of Development and Trade, the country’s flat steel product exports surged higher during the month of July this year. The exports jumped higher by whopping 386% when compared with those during the same month a year before.

As per data, Brazil’s flat steel product exports during the month totaled 304,402 mt, 386.5% higher when compared with the exports of 62,565 mt recorded during July last year. The exports increased marginally by 1.67% when compared with the previous month. Brazil had exported 299,400 mt of flat steel products in June this year.

Meantime, the country’s exports of hot-rolled coils surged higher by 454% year-on-year to 237,019 mt during July ’15. The exports had totaled only 42,771 mt during July last year. Also, cold rolled coil exports were up 332.2% at 36,884 mt in July this year. This is when compared with the cold-rolled coil exports of 8,716 mt during the same month a year before. Meantime, hop-dipped galvanized exports too increased sharply by 175.3% year-on-year to 30,499 mt in July ’15, in comparison with 11,078 mt in July ’14.

The exports during the month of July were valued at $135.62 million FOB. The value of exports has jumped significantly by 232% from $40.83 million FOB during last year. The shipments of hot-rolled coils were valued at $98.23 million FOB, higher by 316% from $23.64 million FOB during July ’14. The value of cold-rolled coil exports jumped higher by 212% year-on-year from $6.06 million FOB in July last year to $18.92 million FOB in July ’15. The value of hot-dipped galvanized shipments increased 66% to $18.46 million FOB during the month.

The cumulative exports of flat steel products by the country during the initial seven-month period of the year totaled 1.3 million mt, valued at $687.6 million FOB.