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Brazil's plate exports plummeted 97% in May to just 300 metric tons—a recent low—driven primarily by a lack of demand in the US and Argentine markets and the postponement of some shipments to June. HDT760C+ZM Hot dip Zinc-magnesium alloy coating (ZM) steel , Imports fell by 85% to 338 tons; these shipments originated in Europe and China and consisted largely of special steel grades that cannot be produced domestically on an economical scale.
Data from the Secretariat of Foreign Trade (SECEX)—part of Brazil's Ministry of Development, Industry, HDT760C+ZM Hot dip Zinc-magnesium alloy coating (ZM) steel , and Foreign Trade—show that Brazil's plate exports totaled 300 tons in May, down from 11,300 tons in April.
Export volumes in May were at their lowest level in recent years, reflecting a combination of factors—including the absence of the US and Argentina as destination markets and the postponement of some shipments from May to June. In April, all exports were destined for South American countries. HDT760C+ZM Hot dip Zinc-magnesium alloy coating (ZM) steel , Import volumes also fell to 338 tonnes in May, down from 2,200 tonnes in April, with shipments originating from Europe and China.
Brazil's imports of heavy plates typically consist of special steel grades not produced domestically, as producing them at the required scale is not economically viable.
