Brazil crude steel output drops
Brazilian crude steel production fell 2.8% year-on-year to 8.39Mt in the first quarter, according to industry association IABr.
Rolled-steel production was 5.6Mt, down 3.7% compared to 1Q18, IABr said.
Output in 2018 as a whole was 34.7Mt.
Domestic steel sales during Q1 were flat at 4.42Mt, the trade group said.
Imports were up 4.1% to 612,000t. Apparent domestic steel consumption was 4.94Mt, sliding 1.4% from a year ago.
Steel exports totaled 3.69Mt, generating revenue of US$2.17bn, up 3.2% and 0.7%, respectively.
Home to steelmakers such as Gerdau (pictured), Usiminas, CSP and CSN, Brazil is Latin America's biggest producer.
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