Brazil exported 14,900 mt of wire rod in March, 16 percent less than in February, according to the ministry of development, industry and foreign trade, MDIC.
The average FOB price of $451/mt points to the mesh grade product sold at $419/mt and the drawing grade product sold at $463/mt, price deals probably closed in January.
A major producer in the southeast told SteelOrbis that he is exporting the drawing grade product to the US at $500/mt, FOB conditions.
In March, the main destinations of the Brazilian wire rod were the US (7,000 mt at $492/mt), Latin America (5,500 mt at $403/mt) and Asia (1,500 mt at $457/mt), all FOB conditions.
The exporters were ArcelorMittal (11,000 mt), Gerdau (3,600 mt) and the Votorantim Group (300 mt).