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Hot Rolled Coils October 17, 2014 02:15:17 AM

Brazil's HRC exports spiraled upwards during Sep '14

Paul Ploumis
ScrapMonster Author
According to most recent statistics released by the Brazil's Ministry of Development, Industry and Foreign Trade (MDIC)

Brazil's HRC exports spiraled upwards during Sep '14

SAO PAULO (Scrap Monster): According to most recent statistics released by the Brazil’s Ministry of Development, Industry and Foreign Trade (MDIC), the country’s exports of hot rolled coils (HRC) remained robust during the month of September this year. However, the average export prices fell significantly over the previous month.

Brazil’s HRC exports totaled 161,700 tons during the month of September this year. It must be noted that the country had exported only 64,400 tons of HRC during the previous month.

The HRC export prices averaged at $541 per ton FOB, 16.3% down when compared with the average export prices during the previous month.

The country’s HRC exports to India totaled 38,000 tons, accounting for nearly one-fourth of the total exports by Brazil. The second largest export destination was the US. The country imported 35,600 tons of HRC from Brazil during the month. In third place was Thailand with total imports of 28,700 tons.

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