Brazil: Slab exports drop by 7% y-o-y in CY ’20

Brazilian slab export shipments witnessed a drop of 7% y-o-y in CY ’20 to reach 6.7 mn t.
United States, China, Canada, the Dominican Republic, and Turkey stood as the predominant importers of the Brazilian slabs. Broadly, exports to all countries saw a sizeable drop. However, Chinese buying during CY ’20 increased by 25 folds to reach one mn t.