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Brazil steel sheet imports plunged 46% in November

The latest statistics published by Brazil’s Foreign Trade Ministry indicates significant decline in imports of steel sheets by the country during the month of November this year. The Brazilian steel sheet products import dropped by 46% during the month. The imports totaled 39,154 mt as compared with the imports of 72,491 mt during the same month a year ago.

The country’s hot rolled coil (HRC) imports totaled 6,653 mt, rising significantly by 13.2% year-on-year. The HRC imports by Brazil had totaled 5,876 mt during November last year. The value of HRC imports totaled $3.02 million FOB during November this year.

Brazil imported 14,804 mt of cold rolled coils (CRC) during Nov ’15, down considerably by 52.6% when matched with the imports of 31,210 mt during same month a year before. The value of CRC imports totaled $6.93 million during the month.

The hot-dipped galvanized (HDG) steel imports by Brazil dropped considerably by 50% to 17,697 mt, falling from 35,405 mt a year before. The value of HDG imports totaled $9.49 million.

The cumulative steel sheet imports by Brazil during the eleven-month period from January to November this year totaled 779,641 mt. The imports dropped by 27.5% when matched with the imports of nearly 1.07 million mt during the corresponding eleven-month period in 2014. The value of imports dropped from $742.68 million FOB a year before to $462.66 million FOB during Jan-Nov ’15.

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