Wire rod exports from Brazil reached 32,100 mt in July against 10,500 mt in June, according to foreign trade authority, SECEX.
The increase reflects a high volume of exports to the US (18,800 mt at $596/mt) and to South American countries (12,200 mt at $624mt), while 1,100 mt at $845/mt were shipped to Canada.
The exporters were ArcelorMittal (31,300 mt at $614/mt) and Gerdau (800 mt at $656/mt).
Meanwhile, Brazil imported 3,100 mt of wire rod in July against 22,800 mt in June.
The decline reflects clearing customs postponements by importers, in the hope of a more favorable exchange rate.
The origins of the imports were China (2,700 mt at $494/mt), Europe (300 mt at $985/mt) and Hong Kong (100 mt at $505/mt).