Brazil's steel consumption down 7.5% in August - Aço Brasil

A 7.5% year-on-year fall in apparent steel consumption in Brazil in August was largely due to declining domestic sales, particularly in the long-steel sector.

Consumption totaled 1.81 million tonnes in August, down from 1.95 million tonnes in the same month of 2018, national steel association Instituto Aço Brasil said on Thursday September 19. Demand for flat-rolled products of 1.06 million tonnes was down 8.6% from 1.16 million tonnes in August 2018 while long steel consumption fell by 5.9% to 747,000 tonnes from 794,000 tonnes. Local producers accounted for total steel sales of 1.63 million tonnes, a 7.2% year-on-year fall from 1.76 million tonnes in August 2018, Aço Brasil added. Flat-steel domestic sales volumes dropped by 5.6% to 948,000 tonnes from 1 million tonnes in August 2018...

Published

Renato Rostás

September 20, 2019

17:36 GMT

São Paulo