In July, Brazil exported 171,100 mt of finished steel products with revenues of $139.4 million, while importing 287,300 mt at $230.6 million.
This compares to exports of 63,500 mt at $55.7 million and imports of 248,100 mt at $197.5 million in June.
Considering the first seven months of 2024, exports have reached 963,000 mt at $ 835.4 million and imports have reached 1.991 million mt at $1.57 billion.
Coated flat products were the main items imported in July representing in volume 43 percent of the total, while hot rolled products were the main item exported representing 51 percent of the total.
There are expectations for Brazil to become a net exporter of finished steel products during the last quarter of the year due to the recently adopted system of import quotas and higher import tax for some of these products.
If semifinished steel products are included, Brazil is a net exporter of steel products with exports in volume exceeding imports in July by 132 percent.