RIO DE JANEIRO, BRAZIL - According to the latest figures of the Brazil Steel Institute (Instituto Aço Brasil), raw steel production in Brazil slid by 1.4 percent to 17.2 million in H1 on a year-on-year basis.
Domestic sales were up 1.3 percent to 9.2 million tons. Exports were down 2.4 percent to 6.7 million tons, with revenue sliding 5.9 percent to US$ 4 billion.
"I would say it was a very bad first half, and expectations weren't met," Instituto Aço Brasil president Marco Polo Lopes said. According to him . . .
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