Analysis: Brazil’s steel industry may experience “generational opportunity”

According to BTG Pactual, the data are positive and suggest that the sector should not lose momentum in the coming quarters.

RIO DE JANEIRO, BRAZIL - The Brazilian steel industry is experiencing a fast production and demand pace. In May this year, crude steel production in the country reached 3.1 million tons, representing 40.1% growth compared to the same month in 2020 and the highest monthly production since October 2018, according to the Brazil Steel Institute.

Domestic sales climbed 73.9% year-on-year and totaled 2.1 million tons. Exports totaled 746,000 tons, equivalent to US$636 million.

From January to May, crude steel output grew 20.3% compared to the same period in 2020. Rolled steel production . . .

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