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Brazil crude steel output edges up

Bnamericas Published: Thursday, March 21, 2019
Brazil crude steel output edges up

Brazilian crude steel production rose 0.5% year-on-year to 5.6Mt in January-February, according to industry association IABr.

Output in 2018 as a whole was 34.7Mt.

Domestic steel sales in the two months fell 0.7% to 2.82Mt, the trade group said.

Imports were up 1.3% to 380,000t. Apparent domestic steel consumption was 3.17Mt, sliding 1.2% from January-February 2018.

IABr did not publish export data for the period due to a change in the methodology used by foreign trade department Secex.

Home to steelmakers such as Gerdau, Usiminas, CSP and CSN, Brazil is Latin America's biggest producer.

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