Trade Resources Industry Views Brazil's Exports of Wire Rods Slump by 58% From a Month Ago

Brazil's Exports of Wire Rods Slump by 58% From a Month Ago

Tags: Wire Rod

According to data released by Brazil’s secretary of foreign trade Secex, Brazil’s exports of wire rods totaled 10,441 tons in July, slumping by 58% from a month ago.

Among them, the shipments made to the US slumped by 59% month on month to 6,335 tons.

Meanwhile, the country’s export revenues generated by wire rods totaled US$7.2 million FOB in July, falling substantially by 57% from June.

In July, the export prices of wire rods averaged at US$691.02/ton, higher than US$681.63/ton FOB in June.

Source: http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65838&division=A4
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Brazil's Wire Rod Exports Slump by 58% in July
Topics: Metallurgy