Brazilian plate exports raise sharply in May

Brazil exported 23,300 mt of steel plate in May, against 3,700 mt in April, while importing 21,600 of the product, against a negligible quantity in April.The exports in Might were predestined to South American countries (14,000 mt at $916/mt) as well as to Pakistan (9,300 mt at $570/mt), FOB conditions.The exporters were Gerdau (9,300 mt), Usiminas (8,000 mt), and ArcelorMittal (5,800 mt), while 200 mt was exported by traders.The imports were maijis 33002 china galvanized coilhot rolled steel coil pricenly from Europe, 21,500 mt at $898/mt, while 100 mt was imported from China at $1,012/ mt, additionally FOB conditions.In Brazil, Usiminas and also Gerdau create hefty plate, while ArcelorMittal generates coiled plates.Speaking in an interview, Carlos Loureiro, the head of state of the Brazilian institute of steel representatives, INDA, mentioned that there is a temporary shortage of plates in Brazil, with prices increapre painted galvanized coilssing in a short period.He added that UsiminGangya steelas has an idled plate rolling line in its Cubatao plant, in the state of Sao Paulo, that could return to operation in a 3 to 4 month duration, recovering the supply/demand equilibrium in the nation.

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