Brazilian crude steel production declines in April

Tuesday, 26 May 2020 22:27:10 (GMT+3)   |   Sao Paulo
       

Brazilian crude steel output in April fell 39 percent, year-on-year, to 1.8 million mt, according to a report from local steel association IABr.

Domestic steel sales in April dropped 35.6 percent, year-on-year, to 976,000 mt. Apparent steel consumption in April was 1.1 million mt, 34.6 percent down, year-on-year.

Brazilian exports of steel in April totaled 883,000 mt and $481 million in value, 17 percent down, year-on-year, in volume, and 21.9 percent down, year-on-year, in terms of value.

Brazilian imports of steel in April reached 186,000 mt in volume and $182 million in value, 24 percent down, year-on-year, in volume, and 19.8 percent down, year-on-year, in value.

As for the accumulated period of January to April, Brazilian crude steel output totaled 10 million mt, 14.3 percent down, year-on-year.

Domestic steel sales in the January-April period declined 9.5 percent, year-on-year, to 5.6 million mt. Apparent steel consumption in the January-April period totaled 6.2 million mt, 9.4 percent down, year-on-year.

Imports of steel in the accumulated period of January to April decreased 17.8 percent, year-on-year, to 705,000 mt. In terms of value, Brazilian imports of steel in the January-April period dropped 13.4 percent, year-on-year, to $745 million.

Brazilian exports of steel in January-April reached 4.1 million mt in volume, and $2.1 billion in value, 5.1 percent down, year-on-year, in terms of volume, and 17.5 percent down, year-on-year, in terms of value.


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