September 08, 2008

Brazil steel exports in 8 months down by 13.5% YoY

Brazil steel institute IBS in a report said that exports by Brazilian steel makers in January to August 2007 of 2007 were worth USD 4.12 billion compared with January to August 2006 up by 9% YoY from USD 3.78 billion.

However, export revenues from local producers last month amounted to USD 528 million down by 22.2% YoY over USD 679 million in August 2006.

In volume, Brazil's steel sales abroad reached 6.5million tonnes in the January to August 2007 down by 13.5% YoY from 7.5 million tonnes in January to August 2006. Exports in August alone totaled 810,800 tonnes down by 29.6% YoY as compared to 1.15 million tonnes in August 2006.