Industry News

Brazilian crude steel production down

According to statistics from Brazil Steel Institute (IABr), Brazilian crude steel production totaled around 2.4 million tons in July, down by 20.6% year on year. In the first 7 months in 2019, the total amount of crude steel production was approximately 19.7 million tons, down by 4.3% year on year. 

In July, the production of finished steel was around 1.9 million tons, down by 2.2% year on year; that of steel plate products was around 1.2 million tons, increasing by 2.6% year on year; that of long products was around 730,000 tons, dropping by 9% year on year. 

During the same month, the domestic sales volume of finished steel was around 1.5 million tons, down by 6.5% year on year. The imports of steel plates were around 120,000 tons, down by 10.9% year on year; those of long steel were around 50,000 tons, which increased by 2.1% year on year. 

In the first 7 months of this year, the apparent consumption of steel products dropped by 1.5% year on year to 12.1 million tons roughly.

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