Brazilian steel use up 1.5% in October as rebar demand, imports pick up

Brazil’s apparent steel use in October reversed a four-month run of declines, led by shipments of long steel products, with new orders for rebar in particular picking up in the country since late in the third quarter and import volumes soaring during the month.

Steel consumption in October totaled 1.8 million tonnes, which was a 1.5% year-on-year increase from 1.77 million tonnes, national steelmakers’ association Instituto Aço Brasil said on Tuesday November 19.
Previously, Aço Brasil data had shown year-on-year decreases in September, August, July and June. Steel consumption in October was the highest since March 2019.

While...

Published

Renato Rostás

November 21, 2019

18:36 GMT

São Paulo