Brazilian steel industry operating at 60% capacity, Aço Brasil says

The Brazilian steel industry is operating around 60% production capacity, up from 42% in April when demand was hit the hardest by the Covid-19 pandemic, but still far from the ideal level of 80%, Instituto Aço Brasil said on Friday August 28.

At the worst moment of the pandemic, there were 13 halted blast furnaces (BF) in the country, the president of Aço Brasil, Marco Polo de Mello Lopes said during a webinar hosted by the association. However, four of those BFs had already been reignited, as steel consumption entered a V-shaped recovery, he added.

“We are...

Published

Felipe Peroni

Renato Rostás

August 31, 2020

17:35 GMT

São Paulo