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 . . .