Brazilian crude steel output declines 11.4 percent in December

Tuesday, 18 January 2022 22:13:28 (GMT+3)   |   Sao Paulo
       

Brazilian crude steel production in December fell 11.4 percent, year-over-year, to 2.6 million mt, said local steel association, IABr.

Domestic steel sales in December dropped 24.7 percent, year-over-year, to 1.4 million mt. Apparent steel consumption in December was 1.7 million mt, 17.3 percent down, year-over-year.

Brazilian steel exports in December totaled 1.3 million mt in volume, 74.9 percent up, year-over-year, and $1.2 billion in value, 167.4 percent up, also on a year-over-year basis. Steel imports in December reached 309,000 mt in volume, 49.9 percent up, year-over-year, and $399 million in value, 92 percent up, year-over-year.

As for the full-year of 2021, Brazilian crude steel output totaled 36 million mt, 14.7 percent up, year-over-year.

Domestic steel sales in the full-year of 2021 grew 15 percent, year-over-year, to 22.4 million. Apparent steel consumption in the full-year of 2021 was 26.4 million mt, 23.2 percent up, year-over-year.

Brazilian steel imports in the full-year of 2021 totaled 5 million mt in volume, 144.1 percent up, year-over-year, and $5 billion in value, 129.5 percent up, also year-over-year. Steel exports in the full-year of 2021 totaled 11 million mt in volume, 3.9 percent up, year-over-year, and $9.3 billion in value, 76.7 percent up, also on a year-over-year analysis.


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