Brazil to set steel output, sales records in ’07

Dec 05, 2007 | 02:36 PM | Diana Kinch

Brazil's raw steel output should total a record 33.96 million tonnes in 2007, up 9.9 percent from last year, and additional growth of 10.8 percent is expected in 2008 in line with continuing strong domestic and international market demand.

Brazil's domestic steel sales this year should reach a record 20.7 million tonnes, up 18 percent from 2006, said Rinaldo Campos Soares, president of Instituto Brasileiro de Siderurgia (IBS). As a result, exports are seen falling 15.6 percent to 10.56 million tonnes. "2007 has been a good year for both Brazil's and the world's steel industries," he told journalists. World apparent steel consumption is expected to reach 1.12 billion tonnes in 2007, up....

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