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Brazil's November semi-finished steel exports rise 3.1% on year

Sao Paulo — Brazilian exports of semi-finished steel in November rose 3.1% year onyear to 760,700 mt, Ministry of Development and Trade data showed Tuesday.

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Revenue from these goods jumped 44% to $362.5 million FOB. In November2016, exports totaled 737,700 mt and revenue was $251.7 million FOB.

The average price of Brazil's semis exports in November spiked 39.6% yearon year to $476.5/mt FOB. In the year-ago month, it was $341.2/mt.

Brazil's exports of flat-rolled steel in November grew 33.3% year on yearto 320,600 mt. Revenue grew 66.3% from a year ago to $215.6 million on an FOBbasis.

November 2016 exports totaled 240,500 mt and revenue was $129.6 millionFOB.

--Bruno Martins, bruno.martins@spglobal.com

--Edited by Richard Rubin, richard.rubin@spglobal.com