Wire rod exports from Brazil reached 40,900 metric tons (mt) in March, against 32,400 mt in February, a 26.23 percent increase, according to foreign trade secretariat SECEX, of the ministry of development, industry and foreign trade.
The increase reflects chiefly 50 percent higher volume exported to the US.
The destinations were South American countries (23,900 mt at $576/mt), the US (16,300 mt at $654/mt), and Canada (700 mt at $842/mt), FOB conditions.
The exporters were ArcelorMittal (32,700 mt), and Gerdau (8,200 mt).
Meanwhile, Brazil imported 28,500 mt of wire rod in March, against 6,200 mt in February, an increase reflecting higher volumes imported from all previous origins.
The origins of the imports in March were Egypt (17,100 mt at $537/mt), China (8,900 mt at $473/mt), Russia (1,700 mt at $488/mt) and Europe (800 mt at $925/mt), also FOB conditions.