The decline during the second quarter is expected to be about 40% compared with first-quarter volumes, Aço Brasil’s president Marco Polo de Mello Lopes told journalists in a press conference. That could cut full-year 2020 apparent consumption by 20% compared with 20.65 million tonnes last year
, he added.
But those were preliminary calculations made on reports by all major associates in a meeting on Friday, Lopes said. To prevent demand from decreasing dramatically, the association was calling for a gradual restart of activities in Brazil.
“At first, it was thought that paralyzing all activities in a broader quarantine was the way to go to,” Lopes said. “Now, local governments - like in the São Paulo state - are taking a step ahead and trying not to halt industrial production, which would hurt employment and the economy as a whole.”
Aço Brasil said in an official statement that, alongside health...