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Brazilian exports of long steel double in Feb
Cold drawn steel bars are pictured at a production line at 'Schmolz + Bickenbach' group in Duesseldorf March 12, 2008. 'Schmolz + Bickenbach' group one of the world's largest manufacturers, processors and distributors of special steel long products. REUTERS/Ina Fassbender (GERMANY)

Brazilian exports of long steel double in Feb

BRASÍLIA: Brazil shipped 52,430 mt of carbon long steel products in February, more than the double the 22,186 mt shipped in the year-ago period, according to trade ministry data released Wednesday.

The overall sales value followed the trend, rising 73.9% in a year-over-year comparison to $26.14 million FOB from $15.03 million FOB. Rebar contributed 34,817 mt to the longs shipments in February, more than triple February 2015’s 11,345 mt.

The value of the rebar sales more than doubled to $18.12 million FOB from $8.17 million FOB in the year-ago month, amid average prices falling to $520/mt from $720.59/mt.