Brazil crude steel output drops 1.7 percent in February

Friday, 22 March 2019 00:47:43 (GMT+3)   |   Sao Paulo

Brazilian crude steel output in February dropped 1.7 percent, year-on-year, to 2.7 million mt, local steel association IABr said late this week.

Domestic steel sales in February increased 2.8 percent, year-on-year, to 1.5 million mt. Apparent steel consumption in February was 1.6 million mt, 3.7 percent up, year-on-year.

Brazilian steel imports in February grew 28.5 percent, year-on-year, in terms of volume to 203,000 mt, and 13.3 percent in value to $205 million, also on a year-on-year basis.

As for the two-month period, from January to February, Brazilian crude steel output was 5.6 million mt, 0.5 percent up, year-on-year. Domestic steel sales in the accumulated two-month period decreased 0.7 percent, year-on-year, to 2.8 million mt.

Brazilian steel imports in the January-February period totaled 380,000 mt in terms of volume, 1.3 percent up, year-on-year, and $417 million in value, which represents a 1.2 percent year-on-year decline.

Most Recent Related Articles

Sudeste Port ships over 3 million mt of iron ore and pellet products

Steel price hike in Brazil expected by November

Brazilian crude steel production increases in August

Vale aims to reach iron ore capacity of 450 million mt

Judge suspends apprehension of illegal manganese in Brazil