Brazilian steel consumption falls 7% in July on weak economy

Brazilian apparent steel consumption fell in July on an annual basis, while weak economic performance pushed down domestic sales and imports alike, national steel association Aço Brasil said on Monday August 19.

Consumption totaled 1.76 million tonnes in July, 7.1% lower than 1.89 million tonnes a year before, Aço Brasil data showed. Flat-rolled steel consumption was 1.03 million tonnes, down by 8.5% year on year compared with 1.13 million tonnes on year earlier, and long steel demand totaled 723,000 tonnes, a 5% decrease from 761,000 tonnes in July 2018. Weaker figures in July followed the stagnant performance seen in the first half of the year. Lower-than-expected demand for steel prompted the national...

Published

Renato Rostás

August 19, 2019

23:19 GMT

São Paulo