Brazil exports 12% more steel products in Dec 2024 while steel imports fall 19%
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Update time : 2025-01-10 17:31:47
According to Brazil's steel trade data, December of last year was a positive month for the Brazilian steel industry, with a 19% drop in flat-rolled steel imports accompanied by a 12% increase in steel product exports.
During the month, flat-rolled steel exports increased 72% year-on-year, while long steel exports fell 12%, for the first time in a long time that flat-rolled steel has outperformed long steel.
However, Banco Safra maintained a relative preference for long steel over flat-rolled steel in Brazil's steel market as imports of long steel seemed to be controlled well.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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