Almost all of Brazil's mining and steelmaking companies saw a two-digit year-on-year drop in exports during the first half of 2015, the ministry of development, industry and trade said Tuesday.
Exporter Vale lost 49.3% of its sales value year on year, falling to Real 5.6 billion ($1.7 billion) in H1 from Real 11.25 billion in H1 2014. Mining company Samarco's sales value fell 11.7% to Real 1.26 billion in H1 from Real 1.43 billion in the year-ago period. Samarco is a 50:50 joint venture between Vale and BHP Billiton.
Among the steelmakers, CSN's sales values fell 18.2% to Real 679.89 million in H1 from Real 831.45 million in the year-ago period, while ThyssenKrupp Companhia Siderurgica do Atlantico's sales dropped 31% to Real 662.77 million in H1 from Real 961.04 million in H1 2014.
The drop in export values contrasts with Brazilian Real exchange devaluation, averaging Real 2.97/$1 in January-June, compared with Real 2.29/$1 in the same period of 2014, according to Central Bank data.
The exception was ArcelorMittal Brazil, which saw export revenues increase 53.8% year on year to Real 902.25 million from Real 586.32 million last year.
source: Platts
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