Brazilian steel assn raises forecasts for 2017 consumption, sales in 'timid' market rebound

The Brazilian steel institute, Aço Brasil, has revised upward its forecast for the country’s steel consumption, sales and output this year, due to a “timid” market rebound.

“But the growth of national economic activity is slow and still not enough for the Brazilian steel industry to recover from the worst crisis in its history,” executive president Marco Polo de Mello Lopes said on Thursday November 30. Apparent steel use in Brazil is expected to reach 19.16 million tonnes this year, compared with a previous estimate of 18.42 million tonnes. If confirmed, this figure will represent...

Published

Ana Paula Camargo

November 30, 2017

17:48 GMT

London