slab exports from Brazil fell by more than 50 percent year on
year in May, according to figures from the countrys
foreign trade ministry, MDIC.
234,303 tonnes last month, down 51.8 percent compared with May
2012 when slab exports reached 486,946 tonnes.
AMM sister publication Steel First that
exporting slab from Brazil is no longer profitable, leading to
the drop in volumes.
Tubarão, which was a traditional exporter, reduced its
slab export levels to between 500,000 and 600,000 tonnes per
year from about 5 million tonnes per year in the recent past,
an executive said in May (
amm.com, May 10).
Of Brazils total
steel slab exports in May, 183,203 tonnes went to the United
States, down from 215,554 tonnes a year earlier.
exported just 5,346 tonnes of billet in May, compared with
39,174 tonnes in the same month last year.
All billet shipments from Brazil were sent to buyers in
Spain, according to MDIC.
A version of this story was first published in AMM sister
publication Steel First.