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15 Sep

Brazil's lower rod imports narrow trade deficit on-month

Brazil remained a net importer of wire rod in August, Kallanish notes. The country’s trade deficit was almost 16,420 tonnes in the month, narrowing by 7.9% from July but widening by 12.5% compared with the same period in 2022. According to the latest Brazilian Ministry of Development, Industry and Foreign Trade (Mdic) data, imports of wire rod reached 21,300t in August, down 1,300t versus the previous month but 8.4% more year-on-year. Eight-month intake…
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Todor Kirkov  |  Bulgaria
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