Search Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.

Nov. steel sales post 2.5% year-on-year increase: IABr

Keywords: Tags  steel sales, IABr, semifinished steel, finished steel, steel mills, Brazil steel exports, Ana Paula Camargo

SÃO PAULO — Steel sales in the Brazilian market increased by 2.5 percent year on year in November, according to data from domestic steel association IABr.

Sales—including semifinished and finished products—totaled about 1.77 million tonnes, compared with approximately 1.72 million tonnes in the same month last year.

Brazilian mills exported 788,500 tonnes of steel goods in November, down 2.8 percent from the corresponding month last year, while steel imports declined 16.3 percent to 279,200 tonnes.

Between January and November, Brazil’s steel sales rose 0.9 percent year on year to 20.04 million tonnes, according to IABr data.

Steel exports fell 9.6 percent in the same comparison to 8.96 million tonnes.

Steel imports increased 2.7 percent during the period to 3.52 million tonnes from 3.42 million tonnes.

IABr recently revised its forecast downward for the local steel industry for 2012. Sales to the national market are now expected to reach 21.7 million tonnes vs. a previous estimate of 22.95 million tonnes, while exports are estimated at 9.7 million tonnes compared with 10.92 million tonnes previously.

Meanwhile, steel imports are predicted to increase 0.9 percent to 3.8 million tonnes against an earlier forecast of a 3.8-percent decline to 3.64 million tonnes.

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

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Latest Pricing Trends