Brazil exports 12% more steel products in Dec 2024 while steel imports fall 19%
Time:Mon, 13 Jan 2025 16:39:44 +0800
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According to Brazil's steel trade data, December of last year was a positive month for the Brazilian steel industry, with a 19% drop in flat-rolled steel imports accompanied by a 12% increase in steel product exports.
During the month, flat-rolled steel exports increased 72% year-on-year, while long steel exports fell 12%, for the first time in a long time that flat-rolled steel has outperformed long steel.
However, Banco Safra maintained a relative preference for long steel over flat-rolled steel in Brazil's steel market as imports of long steel seemed to be controlled well.
