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

Crude steel production in Brazil fell by 8.2pc to 2.6mn mt in March, compared the same month in 2019, according to the latest data from the Brazilian Steel Institute (Aço Brasil). Crude steel production in March last year reached 2.8mn.


Flat steel production fell by 17.1pc to 1mn mt in March this year, while rolled steel production was down by 10.7 to 1.83mn mt. Domestic steel sales fell by 10.7pc to 1.47mn mt in March this year compared the same month the prior year. Sales in March last year reached 1.64mn mt.


Brazil steel production and sales

ProductsQ1 2020Q1 2019   %March 2020March 2019   %
Crude steel output8.0mn mt8.6mn mt7pc2.6mn mt2.8mn mt8.2 pc
Rolled steel output5.6mn mt5.8mn mt2.6pc1.83mn mt2.0mn mt10.7pc
Flat steel output3.2mn mt3.3mn mt3pc1.0mn mt1.2mn mt17.1pc
Domestic sales4.54mn mt4.57mn mt0.7pc 1.47mn mt1.64mn mt10.7pc

Steel consumption decreased by 11.1pc to 1.6mn mt in March from 1.8mn mt during the same month last year, while exports increased by 71.4pc to 1.4mn mt. Brazil exported steel worth $724mn in March, up 56.1pc up over the same month in 2019. However, steel imports fell by 39.1pc to 142,000mt.


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