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Crude steel production rises and sales soar in March, says Brazil Steel Institute

RIO DE JANEIRO, BRAZIL - Brazilian production of crude steel in March totaled 2.8 million tons, up 4.1% over a year earlier and practically at the same level as February, reported the Brazil Steel Institute on Tuesday, which represents steelmakers installed in the country.

Meanwhile, sales in the domestic market were 2.109 million tons, up 41.9% year on year. Compared to February, the volume sold grew 10.5%.

According to the executive president of the institute, Marco Polo de Mello Lopes, the volume sold in March was the highest since October 2013.

"Apparent consumption of steel products . . .

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