Well, hopefully the weak currency will start helping. Curbing imports and hopefully fueling exports. But I am probably wrong the this disaster will continue.
According to data released by Brazil’s foreign trade ministry, Brazil’s imports of steel flat products including carbon steel and non alloy totaled 517,168 tonne in the H1 of 2013, slumping by 44% from 923,911 tonne in the same period of a year ago.
In the H1 of 2013, China was the largest exporter of steel flats to Brazil with 225,594 tonne, decreasing by 42.8% YoY; Korea was the second largest one with 79,641 tonne, falling from 394,711 tonne in the same period of a 2012.
To specify product, the imports of HRC in the H1 of 2013 totaled 57,187 tonne, falling by 59.6%; those of heavy plates were at 67,542 tonne, decreasing by 53.9% and those of CRC were at 121,698 tonne, slumping by more than half, all compared to the figures in the same period of a year ago.