Brazilian steel industry has 12 idle furnaces due to Covid-19, Aço Brasil says

The Brazilian steel industry currently has 12 blast furnaces and a number of meltshops and rolling mills that are at a standstill because of the lack of demand resulting from the Covid-19 pandemic, according to national steel association Instituto Aço Brasil.

“April was the worst month for sales since 1995,” Aço Brasil executive president Marco Polo de Mello Lopes said on Thursday May 7 after a meeting in the country’s capital, Brasília.
“The situation is urgent, [because] the manufacturing sector is in an intensive care unit,” he added.

The country’s manufacturing sector is operating with capacity utilization at 60% due to the quarantine measures that some Brazilian states are enforcing to contain the spread of Covid-19. Aço Brasil once again asked authorities to make the restrictions more flexible and allow the economy to recover....

Published

Felipe Peroni

Renato Rostás

May 07, 2020

19:18 GMT

São Paulo