Brazil’s crude steel output down 1.5% in 2012

Brazilian steelmakers produced 34.68 million tonnes of crude steel in 2012, a 1.5% decrease from the total output in 2011, according to new figures from the local steel association, IABr.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The fall was more pronounced than the 1.1% drop forecast by IABr at the end of November.

In December alone, crude steel production came down by 2.6% to 2.6 million tonnes, the association said late on Friday January 18.

Alacero, the Latin American steel association, reported last week an estimated output of 35.06 million tonnes of crude steel in Brazil, as it believed December production had risen by 12% to nearly 3 million tonnes.

Finished steel output, however, increased by 4% in Brazil, to 26.23 million tonnes from 25.23 million tonnes, IABr said.

Production of flat steel totalled 15.44 million tonnes in the year, up by 8.3%, while long steel output fell by 1.6% to 10.79 million tonnes, the figures showed.

Rolled steel output in December reached 1.94 million tonnes, a 3.4% increase, of which 1.27 million tonnes were flat products (up by 13.4%) and 670,100 tonnes were longs (down by 11.3%).

What to read next
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
Low supply, strong demand to spur scrap prices higher in Feb, market says
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
The current shortage of some higher purity grades of aluminium, such as P0610, and the robust demand for units should maintain the higher differential to prices for P1020-grade aluminium, market sources told Fastmarkets on Monday January 30
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed