Crude steel production up 40.1% in May, says Aço Brazil

According to Aço Brazil, these data show that the Brazilian steel industry is producing and placing more steel on the domestic market than was demanded before the pandemic.

RIO DE JANEIRO, BRAZIL - Brazilian steel producers worked at full speed in May. Last month, crude steel production grew by 40.1% compared to the same period last year. A total of 3.16 million tons were produced.

Production for the current year reached 14.94 million tons, up 20.3% compared to January-May 2020, data recently released by the Brazil Steel Institute.

According to the data, apparent consumption of steel products in May was 2.5 million tons, a volume 83% higher than the same period in 2020, and in the first five months, the increase was 50 . . .

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