SÃO PAULO Latin Americas finished steel exports surged to 742,000 tonnes in January, up 36.2 percent from 544,600 tonnes in the same month last year, according to data released by regional steel association Alacero.
Brazil was the largest finished steel exporter with shipments of 322,200 tonnes, up nearly 69 percent from 190,700 tonnes in January 2012, followed by Mexico with 272,300 tonnes, up 22.8 percent from 221,800 tonnes in the same comparison.
The regions steel imports, on the other hand, fell 3.7 percent to 1.56 million tonnes in January from 1.62 million tonnes in the same month last year.
Brazil and Mexico accounted for the largest import volumes. Mexican finished steel imports were virtually flat at 617,000 tonnes compared with January last year, while Brazils imports declined 20.9 percent to 243,000 tonnes from 307,400 tonnes.
Alaceros figures for Latin America dont include Venezuela.
A version of this article was first published by AMM sister publication Steel First.