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According to data from the Brazilian Foreign Trade Administration (SECEX), NK K/E47 steel Brazil's wire rod exports reached 32,100 tons in July, a significant increase from 10,500 tons in June. This increase was primarily driven by increased demand for wire rod from the US and South American markets. Brazil exported 18,800 tons to the US (average price $596/ton FOB), 12,200 tons to South American countries (average price $624/ton FOB), and 1,100 tons to Canada (average price $845/ton FOB). NK K/E47 steel Major exporters included ArcelorMittal (31,300 tons, average price $614/ton FOB) and Gerdau (800 tons, average price $656/ton FOB).
Brazil imported 3,100 tons of wire rod in July, a significant decrease from 22,800 tons in June, primarily due to importers delaying customs clearance to await more favorable exchange rate conditions. NK K/E47 steel The main import sources for the month were China (2,700 tons, average price $494/ton CFR), Europe (300 tons, average price $985/ton CFR), and Hong Kong (100 tons, average price $505/ton CFR).
