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Brazil crude steel output climbs in Oct. as demand eases

Keywords: Tags  IABr, Brazil steel association, steel output, rolled steel, flat steel, steel consumption, Ana Paula Camargo

SÃO PAULO — Brazil’s crude steel production totaled 3.15 million tonnes in October, up 7.7 percent from 2.93 million tonnes in the same month last year, according to data from domestic steel association IABr.

Brazilian mills produced 29.23 million tonnes of crude steel in the first 10 months of the year, down 1.8 percent from 29.77 million tonnes a year earlier.

Rolled steel output rose 6.4 percent in October to 2.28 million tonnes, with an 18.4-percent increase in flat steel production to 1.34 million tonnes more than offsetting a 7.2-percent decline in long steel output to 933,600 tonnes.

Brazilian mills produced 22.12 million tonnes of rolled steel in the first 10 months of this year, up 3.4 percent from the same period in 2011. Flat steel output increased 6.5 percent to 12.85 million tonnes, while long steel production fell 0.5 percent to 9.27 million tonnes in the same comparison.

Brazil’s apparent steel consumption in October slipped 0.4 percent to 2.1 million tonnes, but the year-to-date total of 21.3 million tonnes remained 1.1 percent ahead of a year earlier.

A version of this article was first published by AMM sister publication Steel First.

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