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Brazil's rebar exports and imports fell in April

Brazilian steelmakers were unable to raise prices due to weak demand and a highly competitive market. According to data from Brazil's Ministry of Development, Industry and Foreign Trade (MDIC), Brazil's rebar exports and imports decreased y-o-y in April this year.

Brazil's rebar exports and imports fell in April

Export volume decreased by 57.6

In April this year, Brazilian rebar exports stood at around 2,500 tons, down by 57.6% compared to April 2022. Of these exports, 98.8% shipped to Bolivia, Paraguay and Peru.

In the first four months of this year, Brazil's rebar exports fell by 29% y-o-y to around 142,000 tons.

Import volume down to 4,800 tons

Brazil's rebar imports fell by 7.5% from April 2022 to 4,800 tons.

In the first four months of this year, Brazil's rebar imports fell by 2.6% yoy to around 40,000 tons.

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