Brazilian Steel Association Aço Brazil has revealed that Brazilian steel makers have increased steel exports to the EU countries to 0.909 million tonne, up by 710% YoY in January-June 2022 as compared to 0.121 million tonne in January-June 2021 as Russian invasion of Ukraine prevented both countries from supplying steel to the EU market. Exports to Europe accounted for 13.4% of total Brazilian exports in January-June, compared to 2.2% in the same period in 2021, and mainly consisted of coated and uncoated flat steel products. Supply restrictions caused by the Russian-Ukrainian war has also prompted Brazil to increase shipments to neighboring Latin American countries to 2.12 million tons in the second half of the year, up 66.7% from last year. This was followed by shipments to Asia of 0.175 million tonne up 3.1% YoY and shipments to Africa at 0.128 million tonnes up 594% YoY. The US remained the top consumer of Brazilian steel products, mostly slabs, at 3.24 million tonnes
Brazilian Steel Association Aço Brazil has revealed that Brazilian steel makers have increased steel exports to the EU countries to 0.909 million tonne, up by 710% YoY in January-June 2022 as compared to 0.121 million tonne in January-June 2021 as Russian invasion of Ukraine prevented both countries from supplying steel to the EU market. Exports to Europe accounted for 13.4% of total Brazilian exports in January-June, compared to 2.2% in the same period in 2021, and mainly consisted of coated and uncoated flat steel products. Supply restrictions caused by the Russian-Ukrainian war has also prompted Brazil to increase shipments to neighboring Latin American countries to 2.12 million tons in the second half of the year, up 66.7% from last year. This was followed by shipments to Asia of 0.175 million tonne up 3.1% YoY and shipments to Africa at 0.128 million tonnes up 594% YoY. The US remained the top consumer of Brazilian steel products, mostly slabs, at 3.24 million tonnes
