ArcelorMittal CEO expects 5-6% rise in Brazilian steel use in 2020; Gerdau even more bullish

Brazilian apparent steel use is showing signs of recovery and will increase significantly from next year, ArcelorMittal Long Carbon Latin America chief executive officer Jefferson de Paula said this week.

Brazil's steel consumption reached an all-time high of 28.02 million tonnes in 2013, according to the national steel association, Instituto Aço Brasil, De Paula told delegates at the Latin American steel association Alacero’s annual conference in Buenos Aires on Wednesday November 13.
While the recovery will begin in 2020, usage will not return to 2013's record level until 2024, he added.
 

Brazil is now entering an economic recovery cycle - annual growth in gross domestic product (GDP) of...

Published

Renato Rostás

November 14, 2019

09:06 GMT

Buenos Aires