• Categories
  • Archives

Steel Production in Brazil Falls 9%

Brute steel production in Brazil totaled 4.707 million tons in the first two months of the year, 9.1% less than during the same period last year.

According to data announced Thursday, March 16, by the Brazilian Steel Institute (IBS), production of sheet steel was also off, by 2.4%, in comparison with 2005.

According to the IBS, the country produced 3.577 million tons of sheet steel in the first two months of this year, as against 3.664 million tons in January-February 2005.

In the opinion of the IBS technical staff, these results are in large part a reflection of production drops in February in consequence of the month’s being shorter, "together with temporary equipment shutdowns in some factories due to accidents or programmed maintenance."

When it comes to exports, the mills have increased their shipments by 38.7%, thanks to favorable world market conditions.

The regional distribution data show that Minas Gerais led the ranking of producer states during the period under analysis, with an output of 1.892 million tons of brute steel and 1.652 million tons of sheet steel and semi-finished products.

The global ranking of brute steel production continues to be led by China, which produced 30.280 million tons in January alone, 20.7% more than in January, 2005.

The European Union is in second place, with an output of 15.577 million tons, down 5.8% in relation to January, 2005.

Agência Brasil

Tags:

  • Show Comments (1)

  • Guest

    If your shipments….
    increased…and your production fell, it simply means there was less internal demand !

    Your country is not growing as much as Lula would like, for his re-election !

    Lula has been a disiater for your economy during ALL his mandate !

    Brazil had simply the least economic growth of ALL developing nations, wether on a 1 year or 3 years time frame !

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Snubbed by US Army Brazil’s Embraer Still Wants to Build Military Jets in the US

The board of directors of the Brazilian Aeronautics Company (Embraer) declared its "disappointment over ...

In LatAm Popularity Test, Brazil’s Lula Comes in 8th

Bolivia and Argentina’s presidents are the most popular leaders in their countries according to ...

Brazil’s Economy Cools Down After 9% Annual Rate Expansion

For the third month in a row Brazil has reported in July slower job ...

Brazil’s GDP Up 5.2%, Best in 10 Years

Brazil’s Gross Domestic Product (GDP) – the total of goods and services produced in the ...

English for Brazucas

Why did Americans—who got rid of His Majesty’s Redcoats, and of the ancient pound-shilling-pence ...

EU Needs to Use Its Trading Muscle in Favor of Third World

In a speech at the London School of Economics on February 4, 2005, the ...

Lula’s Party Wins in Six State Capitals

The mayors of 11 state capitals were elected yesterday in the first round of ...

Brazil Opposition Calls Ahmadinejad Pathetic Character

São Paulo state governor José Serra, the main leader of the Brazilian opposition and ...

At the Mercy of the CIA

"I committed the only sin that politics does not forgive: to tell the truth ...

Cry of Excluded Brings 1 Million to the Streets of Brazil

The participation of indigenous people in the 2004 Cry of the Excluded protest brought ...