According to the Brazil Steel Institute (IABr), Brazilian crude steel production in July this year amounted to 2.7 million metric tons, with a six percent decrease year on year. In the same month, Brazilian rolled steel output decreased by 0.4 percent to 1.91 million metric tons compared to the same month of 2015.
Meanwhile, Brazilian steelmakers produced 17.57 million metric tons of crude steel in the first seven months of this year, down 12 percent year on year. Brazil's rolled steel product output totaled 12.13 million mt in the given period, down 12.7 percent year on year.
Brazilian domestic steel sales decreased by 3.3 percent year on year in July to 1.38 million metric tons, while domestic sales in the first seven months of this year totaled 9.6 million metric tons, decreasing by 13.9 percent year on year.
Brazil's exports of steel products in July amounted to 896,100 metric tons, falling by 39 percent, with a value of $402.5 million, down 38.3 percent, both on year-on-year basis. Steel product exports in the January-July period of this year totaled 7.58 million mt, worth $2.95 billion, with an increase of 5.3 percent in volume and a fall of 25 percent in value compared to the same period of last year.
Meanwhile, the country's steel import volume in July this year amounted to 111,500 metric tons, decreasing 58.8 percent, with a value of $132.6 million, down 53.1 percent, both year on year. Brazil’s total steel imports in the first seven months of this year came to 852,800 metric tons, representing a 63.5 percent decrease in volume from the first seven months of the previous year, while the value of these imports in the given period totaled $897 million, falling by 59.8 percent year on year.