Brazil exported 27,700 mt of billets in May, against 59,600 mt in April, according to the local customs authorities.
All exports were from Gerdau, of which 25,100 mt at $658/mt to Morocco, 2,400 mt at $800/mt to the Dominican Republic, and 200 mt at $486/mt to China, all FOB conditions.
After a peak of 78,300 mt achieved in December 2021, Brazilian billet exports have followed an oscillating pattern since, with a monthly average of 24,000 mt in 2022.
