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Brazil crude steel production tumbles in Jan-Feb

Bnamericas

Brazilian crude steel production slipped 13.7% year-on-year to 4.89Mt in January-February, according to data from local steel industry association IABr.

Full-year crude steel production for 2015 slipped 1.9% to 33.2Mt.

Domestic steel sales for the first two months totaled 2.51Mt, down 22.7% compared with the same period in 2015, IABr said in a release.

Steel exports totaled 2.04Mt and US$741mn, up 16.2% and down 32.1%, respectively.

In the period, imports slumped 72.2% to 193,200t.

Apparent domestic steel consumption reached 2.70Mt, down 31.2% from January-February 2015.

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

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