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Brazilian imports of flat steel products spike 84.5% on year in 2017

Sao Paulo (Platts)--12 Jan 2018 614 pm EST/2314 GMT


Brazilian total imports of carbon sheet steel in 2017 jumped 84.5% year on year to 603,889 mt from 327,348 mt in 2016, data from MDIC, the country's foreign trade ministry, showed Friday.

Hot-rolled coil imports last year jumped 49.7% to 122,365 mt from 81,738 mt imported a year ago while imports of cold-rolled sheet steel increased 99.9% to 217,950 mt from 108,997 mt a year earlier.

Imports of hot-dipped galvanized steel sheet soared 92.9% in 2017 to 263,757 mt from 136,614 mt in 2016.

Analyzing only December's imports, Brazil imported 14,802 mt, down 60.9% from 37,924 mt in December 2016. These imports were valued at $9.63 million FOB, down 51.2% from $19.76 million FOB in the year-ago period.

Imports of HRC were 1,903 mt, down 49.3% from 3,755 mt in December 2016. CRC imports totaled 6,220 mt, down 69.1% from 20,141 mt. Volumes of HDG were 6,679 mt, down 52.4% on year from 14,028 mt.

--Bruno Martins, bruno.martins@spglobal.com --Edited by Keiron Greenhalgh, keiron.greenhalgh@spglobal.com




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