According to SECEX, Brazil's foreign trade authority, February saw Brazil export 225,972 mt of finished steel products valued at $201.444 million, while importing 228,627 mt worth $181.047 million. This compares to January’s figures of 110,507 mt at $95.237 million for exports and 299,287 mt at $223.565 million for imports.
This indicates a commercial deficit in volume amounting to 2,654 mt in February, compared to a significantly larger deficit of 199,780 mt in January.
In terms of USD value, there was a surplus of $20.397 million in February, whereas a deficit of $128.838 million recorded in January.
The primary exported items in February were coated flat products (52 percent), hot-rolled coil (21 percent), wire rod (10 percent), and rebar (8 percent). Meanwhile, the main imported items included coated flat products (50 percent), cold-rolled coil (15 percent), and hot-rolled coil (9 percent).