ArcelorMittal Brazil, the local subsidiary of ArcelorMittal, is operating its longs steel business at 80 percent of its capacity, an executive told O Tempo.
Paula Harraca, director of people, communication and social investment at ArcelorMittal Brazil, said the outlook for the steel industry in Brazil still remains uncertain.
She also said ArcelorMittal should keep investing at its Monlevade mill, which she labeled as a “strategic” facility for the company.
The company has maintained a halt at its Monlevade sinter plant, blast furnace and melt shop expansion projects even before Covid-19.
Harraca said the civil construction market has been driving long steel demand.
Recently, Jefferson de Paula, CEO at ArcelorMittal Long Steel Latin America, said the long steel segment should be the least affected by Covid-19 in the region.
He said in June this year long steel consumption in Brazil this year could decline 10 percent, year-on-year.