Brazil steel export cuts omit billet, slab

Dec 04, 2007 | 03:10 PM | Diana Kinch

Brazilian mills have cut exports of all products except billet and slab due to strong domestic demand, trading and producer sources said.

The export slump follows an increase in domestic sales to 16.9 million tonnes in the first 10 months of this year, up 15.6 percent from the same period in 2006, according to Instituto Brasileiro de Siderúrgia, Brazil's steel institute.

"There's virtually no material available for the traders. I haven't sold anything yet this month. Because of the lack of trade, Brazil f.o.b. export prices for most products are virtually stable," a Rio de Janeiro-based trader said.....

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