Brazilian steel association revises downwards 2017 sales forecast

The Brazilian steel institute, Aço Brasil, has cut its forecast for steel sales in 2017, due to the weak performance of the country’s economy.

The association expects domestic steel sales to reach 16.70 million tonnes in 2017, down from its previous prediction of 16.92 million tonnes in November 2016, it said on Tuesday April 25.
If confirmed, the figure represents a growth of 1.30% from last year’s figure of 16.50 million tonnes.
The association expects Brazilian apparent steel consumption to increase by 2.90% year-on-year in 2017, to 18.70 million tonnes.

In its previous forecast, Aço Brasil expected...

Published

Felipe Peroni

April 25, 2017

22:41 GMT

São Paulo