BRASILIA: The latest statistics published by Brazil’s Foreign Trade Ministry indicates significant decline in imports of steel sheets by the country during the month of October this year. The Brazilian steel sheet products import dropped by 38.3% during the month. The imports totaled 44,999 mt as compared with the imports of 72,905 mt during the same month a year ago.
The country’s hot rolled coil (HRC) imports totaled 10,366 mt, rising significantly by 116.5% year-on-year. The HRC imports by Brazil had totaled 4,788 mt during October last year. The value of HRC imports totaled $5.01 million FOB during October this year.
Brazil imported 11,719 mt of cold rolled coils (CRC) during Oct ’15, down marginally by 5.66% when matched with the imports of 12,422 mt during same month a year before. The value of CRC imports totaled $6.53 million during the month.
The hot-dipped galvanized (HDG) steel imports by Brazil dropped considerably by 58.86% to 22,914 mt, falling from 55,695 mt a year before. The value of HDG imports totaled $12.98 million.
The cumulative steel sheet imports by Brazil during the ten-month period from January to October this year totaled 740,487 mt. The imports dropped by almost one-third when matched with the imports of nearly 1 million mt during the corresponding ten-month period in 2014. The value of imports dropped from $698.88 million FOB a year before to $443.21 million FOB during Jan-Oct ’15.
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