Brazil exported 12,900 metric tons (mt) of hot-dipped galvanized products (HDG) in August, down from 13,600 mt in July on a continued lack of exports to the US, according data from SECEX, Brazil's Ministry of Development, Industry, and Foreign Trade secretariat.
The modest decline signals a new market pattern after shipments to the US were suspended in July. Brazil had previously exported 10,900 mt of HDG to the US in June.
In August, all HDG exports went to Argentina. ArcelorMittal shipped 9,400 mt at $1,413/mt, while Usiminas shipped 3,500 mt at $1,170/mt, both on an FOB basis.
Meanwhile, Brazil's HDG imports rose to 38,000 mt in August from 10,900 mt in July.
Asia supplied most of Brazil's HDG imports, totaling 31,800 mt at $643/mt. Egypt supplied 5,500 mt at $662/mt, while Europe shipped 700 mt at $1,218/mt, also on an FOB basis.
