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Brazil’s rebar exports drop 30.5% over year to 42,536mt in June

Brazil’s rebar exports drop 30.5% over year to 42,536mt in June

BRASILIA: Exports of rebar in Brazil fell 30.5% in June to a volume of 42,536 metric ton, trade ministry data showed.

In June 2016, exports of these goods reached 61,231 metric ton.

In monetary terms, exports in the month retracted 27.65% to $20.38 million FOB. Last year, the value of exports totaled $28.17 million FOB. Rebar imports, on the contrary, dropped to zero. In June 2016, Brazil imported 2,537 metric ton, valued at $1.08 million FOB.

Considering the first half of 2017, exports were 263,255 metric ton, down 13.26% year over year from 303,512 metric ton. The value of exports retracted 8.55% to $126.97 million FOB from $138.85 million FOB in the same comparison.

For imports, the volume shrank 83.1% to 4,753 in H1 2017 from 28,131 metric ton in H1 2016. In monetary terms, this reduction represented a drop of 79.7% to $1.98 million FOB from $9.76 million FOB a year ago.