Wire rod exports from Brazil increased to 45,800 mt in August, from 37,000 mt exported in July.
The exports in August were destined to South American countries (33,600 mt at $831/mt), to the US (11,700 mt at $1,336/mt), and to the Dominican Republic (500 mt at $530/mt), all FOB conditions, with price deals probably closed in July.
ArcelorMittal exported 41,200 mt at $963/mt, while Gerdau exported 3,200 mt at $868/mt, Simec exported 900 mt at $968/mt and CSN exported 500 mt at $991/mt.
The exports by ArcelorMittal to the US, 11,700 mt at $1,336/mt, refers to a high-grade product, destined to produce steel cord to serve the pneumatic tire industry.
Meanwhile, Brazil imported in August 14,500 mt of wire rod, of which 10,900 mt at $895/mt from China, 2,400 mt at $891/mt from Turkey and 1,200 mt at $1,207/mt from Germany, also FOB conditions.
