Brazilian steel consumption up 30% in Dec, 1% in 2020

Apparent steel consumption in Brazil grew by 30.2% year on year in December and finished the year up by 1.2% overall, the country’s steel association, Instituto Aço Brasil, said on Monday January 18.

According to Aço Brasil data, December consumption totaled 2.03 million tonnes, up from 1.56 million tonnes a year before.
Flat-rolled steel demand reached 1.23 million tonnes in December, up 31.5% from 937,000 tonnes in 2019, while long steel consumption hit 800,000 tonnes, a 28.3% year-on-year increase from 624,000 tonnes.
Full-year 2020 total steel consumption figures were 21.23 million tonnes, rising by 1.2% from 20.98 million tonnes in 2019, despite the challenges the steel industry has faced amid the Covid-19 pandemic.

Between the end of March and the beginning of April, several mills were forced to halt production to balance supply with low demand due to the pandemic....

Published

Renato Rostás

January 18, 2021

16:08 GMT

São Paulo