Brazilian aluminium consumption to drop in 2020 due to Covid-19, Abal chief says

Brazilian aluminium consumption was likely to show a two-digit percentage decrease in 2020 amid the restrictions enforced in the country to combat the Covid-19 pandemic, the president of local aluminium association Abal, Milton Rego, told Fastmarkets on Friday June 26.

The country consumed 1.49 million tonnes of aluminium products last year, according to data from Abal. But since the pandemic hit Brazil in March this year, demand from the transportation and construction sectors has fallen sharply, while a growth seen in consumer goods failed to prevent an overall decline in consumption.
“Demand from the transportation sector dried up as the auto[motive] industry closed its doors during the pandemic,” Rego said. “There are some companies in the aluminium sector currently running at 30% capacity.”

Meanwhile, consumption of aluminium foil from consumer goods sectors, such as food and medical...

Published

Renato Rostás

June 29, 2020

19:25 GMT

São Paulo