Brazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according to data from the economy ministry.
The country purchased 49,976 tonnes of steel more thanit exported. The figure takes into account unalloyed, non-special steel - hot- and cold-rolled coil, galvanized and Galvalume, and heavy plate, as well as rebar, wire rod and sections.Brazil imported 116,757 tonnes more of flat steel than it exported in the first three months this year, totaling 420,298 tonnes, up 75.73% from 239,172 tonnes a year before. Exports, however, totaled 303,541 tonnes, a 34.49% drop from...