Brazil: Steel mill concludes 40,000 t billet export deal to China

A Brazilian mill has reportedly sold 40,000 t of steel billets to China at $668/t CFR. The shipment is likely for end-Sept’21, sources informed SteelMint. Brazil’s billet exports stood at 3.83 mn t in Jan-Jul’21, as per data compiled by SteelMint. The United States, Canada and Argentina have been key importers of steel billets from Brazil.