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14 Dec
12:05

Brazil’s wire rod imports grow, trade deficit widens

Brazil remained a net importer of wire rod in November, Kallanish notes. The country’s trade deficit was almost 20,120 tonnes in the month, widening by 22.5% from October and 17.7% compared with the same period in 2022, respectively. According to the latest Brazilian Ministry of Development, Industry and Foreign Trade (Mdic) data, imports of wire rod reached 23,300t in November, up 3,200t versus the previous month and 68% more year-on-year. Eleven-month…
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