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:

Ads

You May Also Like

Brazil Largest Beneficiary of Mercosur’s US$ 300 Bi in Foreign Investment

Mercosur member countries received US$ 300 billion in foreign direct investments between 1990 and ...

A Palestinian boy in class

How Brazil Can Help Untie the Israeli-Palestinian Gordian Knot

As a Brazilian geographer, I have been seeking ways for the international community in ...

Brazil’s New Stimulus Package Is Old Prescription that Won’t Work, Says Economist

José Márcio Camargo, a professor of economics at the Catholic University of Rio de ...

Brazil’s Engevix Gets Nod from Bentley

Engevix Engenharia, a Brazilian company specializing in technical consulting services, has been nominated for ...

Stop Shaking, Rio’s Trafficker Tells Foreign Reporter, You’d Be Dead If We Wanted

The correspondent of Spain's daily El Paí­s, Francho Barón, was attacked and threatened in ...

Petrobras gas refinery in Brazil

Brazil’s Petrobras Finds Large Gas Reserve off Espí­rito Santo Coast

Petrobras, the Brazilian state-controlled oil giant, announced yesterday, May 9, the discovery of more ...

Brazil Has Already Exported US$ 94 Bi with US$ 32 Bi Surplus

According to figures  released today, September 18, by Brazil’s Ministry of Development, Industry and ...

Brazil’s Embraer Introduces New Jet to Asia

Brazil’s Embraer announced December 3 that startup airline Hong Kong Express Airways Ltd  will ...

Main campus of Brazil's Universidade de São Paulo (USP)

Brazil Tightens the Noose on Colleges’ Freedom of Expression

The sentencing of two students from the University of São Paulo (USP) to prison ...

Brazil’s Petrobras Has Record US$ 9.7 Billion Net Profit in First Half

Brazil state-controlled oil and gas multinational Petrobras had record profit in the second quarter ...