Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Brazil’s crude steel production dropped by 22.6pc to 2.1mn mt in May from 2.8mn mt during the same month last year, according to the Brazilian Steel Institute (Aço Brasil). 


The country’s rolled steel production fell by 29.3pc to 1.4mn mt in May, while flat steel production decreased by 39.2pc to 738,000mt and long steel output declined by 14.5pc to 683,000mt, all compared to the same month in 2019.


Brazil steel production and sales 

ProductsMay 2020  %May 2019
Crude steel output2.18mn mt-22.6pc2.82mn mt
Rolled steel output1.42mn mt-29.3pc2.01mn mt
Flat steel output738,000mt-39.2pc1.21mn mt
Long steel output683,000mt-14.5pc798,000mt
Steel consumption1.34mn mt-24.8pc1.79mn mt
Domestic sales1.19mn mt-23.2pc1.55mn mt
Foreign  sales966,000mt  -5.4pc1.02mn mt


The South American country’s steel exports fell by 23.9pc to 940,000mt in May from 1.23mn mt the prior year, while steel imports dropped by 36pc to 149,000mt from 233,000mt, Aço Brasil noted.


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