Brazilian apparent steel consumption falls 5.95% in October on lower local sales

Brazilian apparent steel consumption fell by 5.95% in October, from the same month in 2020, largely influenced by lower domestic shipments of flat steel from mills, according to data published by the steelmakers’ association, Instituto Aço Brasil, on Friday November 19.

Apparent consumption totaled 1.96 million tonnes during the month, down from 2.09 million tonnes a year before, Aço Brasil said. This was the lowest level reported since 1.91 million tonnes in August 2020.
Flat-rolled steel consumption was 1.07 million tonnes - also a 14-month low - a 11.12% year-on-year decrease from 1.20 million tonnes. Long steel demand, however, grew to 890,689 tonnes, up by 1.12% from 880,823 tonnes in the same comparison.

Domestic steel sales reached 1.66 million tonnes in October, falling by 14.70% in comparison with 1.94 million tonnes a year before. Flat steel shipments to the domestic market totaled 903,085 tonnes, down by 17.52%...


Renato Rostás

November 19, 2021

22:27 GMT

São Paulo