Brazil saw steel exports decrease month-on-month in May. Shipments abroad, however, were higher year-on-year, Kallanish notes. Import activity recovered after two months of relatively lower entries.
According to local steelmakers’ association Instituto Aço Brasil (IAB)’s latest data, imports were 23.9% higher m-o-m to 275,857 tonnes in May, but 49.9% lower compared to 550,400t a year earlier.
Flat steel was the most demanded, with imports at 17…
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