Brazilian steel production, consumption rise in September, Aço Brasil says
Production by Brazilian steelmakers increased by 2.5% year-on-year in September 2018, while national apparent consumption rose by 3.2% in the same month, according to figures published by local steel association Aço Brasil on Friday October 19.
The data showed that crude steel output was 3.03 million tonnes during the month, up from 2.96 million tonnes in the corresponding month last year. Rolled steel production was higher by 10.8% and reached 2.06 million tonnes, while output of semi-finished steel goods fell by 17.9% to 735,000 tonnes.
Most of Brazil’s semi-finished steel production sales to third-parties were exported, notably to the United States.