Brazil Slab Exports Up 11% in January 2019
Brazil, the world’s second-largest Semi finished exporter, has exported about 815,503 MT Slabs in January 2019.
As per recent released data by Brazilian customs - in Jan’19, Slab export rise by 11.48 % M-o-M as against 731,507 MT in Dec’18 & recorded 2 month high, While on yearly basis, exports surge by 14.58% against 711,707 MT in Jan’18.
During Jan’19, United States has imported approximately 48% (390,961 MT) Slabs & continues to remain the largest Slab buyer of Brazil. And it was noticed that Slab export to US rise by 56.35% in Jan’19 as against 250,041 MT in Dec’18. Inline the other largest importer of Brazilian originated Slab in Jan’19 was Italy (134,927 MT), Germany (62,866 MT) & Belgium (50,589 MT).
During April to January’19, the most favourable export destination of Brazilian Slab was - United States (3,402,783 MT), Canada (373,201 MT) & Dominican Republic (321,600 MT).
In January, the major export of Slabs were from the ports of Vitoria (325,858 MT), Fortaleza Porto (291,391 MT) & Itaguai (197,833 MT). While approximately 40% of exports were done from the port of Vitoria in Jan’19.
-- During Dec’18, the crude steel production of Brazil was around 2,644,228 MT and in CY18 (Jan-Dec) it was approximately 34,558,843 MT & 34,396,100 MT in CY17, according to the World Steel Association.
-- Brazil Iron ore & pellet export decline slightly in Jan'19 & stood at 33,160,673 MT as against 33,202,915 MT in Dec'18
-- The export offers of 150*150 IS 2830 grade billet are currently at USD 425-435/MT FoB India, 150*150 Q235 are at USD 460-470/MT FoB China & 125*125 3sp at USD 435-445/MT FoB Ukraine.
source: SteelMint
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