Wire rod exports from Brazil reached 19,500 mt in January against 36,900 mt in December 2024.
The exports of January were destined to South American countries (10,300 mt at $608/mt), the Dominican Republic (5,200 mt at $565/mt), the US (3,300 mt at $748/mt), and Puerto Rico (700 mt at $570/mt), FOB conditions.
The exporters were Gerdau (13,800 mt at $583/mt), ArcelorMittal (5,500 mt at $710/mt), and Simec (200 mt at $649/mt).
Meanwhile, Brazil imported 21,300 mt of wire rod in January against 18,800 mt in December.
The origins of the imports were Asia (15,400 mt, of which 14,300 mt from China at $511/mt), Egypt (5,300 mt at $586/mt), and Germany (600 mt at $898/mt).
Rising imports were expected, as importers have cleared customs of material previously stockpiled at ports, taking advantage of a more favorable exchange rate.