SÃO PAULO Steel
sales in the Brazilian market increased by 2.5 percent year on
year in November, according to data from domestic steel
semifinished and finished productstotaled 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,
Brazils 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
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
A version of this article was
first published by AMM sister publication Steel First.