Brazilian flat-steel use to rise by 4.7% in 2020 and support higher prices, CSN says

Brazilian steel demand is set to grow in 2020 and support higher domestic prices, Companhia Siderúrgica Nacional (CSN) said in a presentation filed with securities commission CVM.

The company expected flat-rolled steel apparent consumption to total 12.92 million tonnes next year, rising by 4.7% in comparison with an estimated 12.34 million tonnes for 2019.
Most of that growth would come from a 10% increase in automotive sales, CSN said, indicating that shipments to Argentina - the largest export market for Brazil’s automakers - could improve in 2020.

Argentina has been under economic crisis for more than a year. In the January-November period, Brazilian auto exports totaled 399,200 units,...

Published

Renato Rostás

December 09, 2019

17:11 GMT

São Paulo