By  Paul Ploumis 14 Sep 2015  Last updated at  04:21:36 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 considerably during the month of August this year. The exports jumped higher by whopping 292% when compared with those during the same month a year before.

As per data, Brazil’s flat steel product exports during the month totaled 315,447 mt, 292% higher when compared with the exports of 80,564 mt recorded during August last year. The exports increased marginally by 3.63% when compared with the previous month. Brazil had exported 304,402 mt of flat steel products in July this year.

Meantime, the country’s exports of hot-rolled steel goods surged higher by 293% year-on-year to 256,675 mt during August ’15. The exports had totaled only 65,283 mt during the same month last year. Also, cold rolled coil exports were up 152% at 32,279 mt in August this year. This is when compared with the cold-rolled coil exports of 12,832 mt during the same month a year before. Meantime, hot-dipped galvanized exports too increased sharply by 981% year-on-year to 26,493 mt in August ’15, in comparison with 2,450 mt in August ’14.

The exports during the month of August were valued at $128.24 million FOB. The value of exports has jumped significantly by 134% from $54.81 million FOB during last year. The shipments of hot-rolled coils were valued at $98.19 million FOB, higher by 133% from $98.19 million FOB during August ’14. The value of cold-rolled coil exports jumped higher by 57% year-on-year from $10.06 million FOB in August last year to $15.83 million FOB in August this year. The value of hot-dipped galvanized shipments increased 462% to $14.21 million FOB during the month.

The cumulative exports of flat steel products by the country during the initial eight-month period of the year totaled 1.62 million mt, valued at $818.85 million FOB.