Brazilian steel use down 2.1% in November, Aço Brasil says

Brazilian apparent steel consumption dropped by 2.1% year on year in November, as an increase in long-steel demand was not enough to offset a quick decline reported for flat-rolled products, national steelmakers’ association Instituto Aço Brasil said on Thursday December 19.

Steel consumption totaled 1.72 million tonnes during November, down from 1.76 million tonnes a year before.
Flat-steel use was 1.01 million tonnes, an 8.4% year-on-year decrease from 1.1 million tonnes in November 2018, while long-steel demand reached 713,000 tonnes, rising by 8.5% from 657,000 tonnes in the same comparison.

Long-steel demand has been recovering since late in the third quarter, according...

Published

Renato Rostás

December 19, 2019

23:17 GMT

São Paulo