In brief
Power shortages and the stoppage of the No2 blast furnace at the Presidente Vargas mill (UPV) until mid-November drove slab output down during the fourth quarter.
Slab production costs were 2,397 Reais ($441) per tonne in the fourth quarter, a 21.2% year-on-year increase from 1,978 Reais per tonne in the same quarter in 2019, amid the strengthening of the US dollar against the Real and higher raw materials costs.
The start...
