Brazilian crude steel production declines in April

Friday, 24 May 2019 01:37:39 (GMT+3)   |   Sao Paulo

Brazilian crude steel production in April dropped 1.9 percent, year-on-year, to 2.9 million mt, local steel association (IABr) said this week.

According to the local steel association, domestic steel sales in April declined 2 percent, year-on-year, to 1.5 million mt. Apparent steel consumption in April was 1.7 million mt, 1.5 percent down, year-on-year.

Brazilian steel imports in April reached 244,000 mt in volume and $226 million in value, 20.2 percent up, year-on-year, in terms of volume. Brazilian steel imports in April were stable in terms of value when compared to the same month of the year prior.

Brazilian steel exports in April reached 1.3 million mt and $752 million in value, 22.2 percent and 6.5 percent up, year-on-year, respectively.

IABr said crude steel production in the accumulated period of January to April was 11.3 million mt, 2.5 percent down, year-on-year. Brazil’s domestic steel sales in the January-April period was 5.9 million mt, 0.6 percent down, year-on-year. Apparent steel consumption in the accumulated period of January to April totaled 6.6 million mt, 1.4 percent down, year-on-year.

Brazilian steel imports in the January-April period reached 856,000 mt, 8.2 percent up, year-on-year. Brazilian steel exports in the same period totaled 5 million mt, 7.7 percent up, year-on-year.

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