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Crude steel production in Brazil declined by 9.1% in February

Brazilian crude steel production reached 2.5 million tonnes in February, down by 9.1 per cent from January, according to Brazil's steel institute IABR.

Domestic steel products sales decreased by 7.2 per cent to 1.5 million tonnes, while exports increased by 10 per cent to 1.1 million tonnes, whilst the apparent consumption of steel products in the country (domestic sale plus imports) decreased by 9.9 per cent to reach 1.8 million tonnes, with imports down by 13.8 per cent to 325,000 tonnes.

Looking at total production in January and February, crude steel production decreased by 5.8 per cent to reach 5.3 million tonnes year on year, and domestic sales increased by 2.6 per cent to 3.1 million tonnes. Exports lowered by 4.9 per cent to 2.0 million tonnes, imports increased by 16.5 per cent to 702 thousand tonnes, while apparent consumption increased by 2.4 per cent to 3.7 million tonnes.

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