Brazilian steel industry hit by truck driver strike

A strike by Brazilian truck drivers over recent increases in fuel prices is affecting supplies of ferrous scrap and other steelmaking raw materials to local producers.

The strike action started on Friday May 18, but protests and blockages intensified on Monday May 21. The country's main roads are blocked and an average of only 10-20% of regular scrap deliveries are being made this week, according to national ferrous scrap institute Inesfa. "Many steelmakers are not receiving any scrap at all,” Inesfa vice president Rafael Barros told Metal Bulletin on Wednesday...

Published

Felipe Peroni

May 24, 2018

03:37 GMT

São Paulo