Brazil, the world’s second-largest Semi finished exporter, has exported about 815,241 MT Billets in June 2018, which was 8-months High.
As per the recent released data by Brazilian customs – in June’18, billet export recorded the highest volume of 2018 & rise by more than 110% M-o-M as against 381,097 MT in May’18, in line surge by 52.82% Y-o-Y against 533,463 MT in June’17.
During June 2018, United States has imported approximately 75% (617,370 MT) billets & continues to remain the largest billet buyer of Brazil. And it was noticed that billet export to US rise sharply in June by around 540,000 MT as against 76,239 MT in May’18. Inline the other largest importer of Brazilian originated billet was Mexico (45,964 MT) & Dominican Republic (41,174 MT).
Further it was also come in line that, no major Brazilian billet exports to Germany, Canada & Argentina was seen in June’18 as against May’18.
In the total billet exports during CY18 (Jan-May), the most favorable export destination of Brazilian billet was – United States (1,641,330 MT), Turkey (396,922 MT), Germany (260,314 MT) & Dominican Republic (209,751 MT).
In June, the major export of Billets were from the ports of Itaguai (337,133 MT), Fortaleza Porto (265,738 MT) & Vitoria (208,360 MT). While approximately 35% of exports were done from the port of Vitoria till June’18.
— In the month of May 2018, the crude steel production of Brazil was around 2.68 MnT and in CY18 (Jan-May) it was approximately 14.27 MnT. Meanwhile, in CY17 the figure of crude steel production stood at 34.40 MnT, & 30.21 MnT in CY16, according to the World Steel Association.
— Brazil Iron ore & pellet export decline by 9% M-o-M in June’18 & stood at 35.31 MnT as against 38.98 MnT in May’18
— Presently, the export offers of 150*150 IS 2830 grade billet are currently at USD 515-520/MT FoB India, 125*125 3SP at USD 505-515/MT FoB Ukraine & 150*150 Q235 are at USD 510-520/MT FoB China.
Leave a Reply