• Categories
  • Archives

Brazilian Steel Production Is Down 10% This Year

Brazil produced 2.5 million tons of raw steel in May, 3.3% more than in April but 9% less than in May, 2005. The figures were announced yesterday, June 19, by the Brazilian Steel Institute (IBS), which attributed the decline to the shutdown of a furnace belonging to the National Steel Company in Volta Redonda, in the Rio de Janeiro state. The furnace has been idle since February.

Domestic sales amounted to 1.52 million tons, 13.7% more than in May of last year. Sales of laminated products grew 12.5% to 1.45 million tons.

According to the IBS, this increase reflects greater demand on the part of consumers in the automotive, industrial construction, and capital goods sectors.

Exports totaled 813 thousand tons, 7.9% less than in May, 2005. The IBS deems that priority was given to the domestic market.

Brazil continues to be Latin America’s number one steel manufacturer. Between January and April of this year the country produced 9.6 million tons of raw steel. The state of Minas Gerais accounted for 40% of this total.

In the first four months of this year, Brazilian steel production is down 10.2% in comparison with the same period in 2005. China is the world’s biggest steel producer, with an output of 126.2 million tons in the first four months of 2006.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published.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

Plastic Money: Brazilians Own 471 Million Credit and Debit Cards

Brazilians purchased 31.7 billion Brazilian reais (US$ 19.6 billion) in credit cards in July. ...

Let’s Have Open Markets, Says Bush Before Leaving to Argentina and Brazil

President George W. Bush described United States relations with Latin America as "good" and ...

US Steel Firms to Ask Duties on Brazil Be Revoked

The Precision Metalforming Association (PMA) will testify before the U.S. International Trade Commission’s (ITC) ...

Brazil Has Reason to Smile, Says Lula

Brazilian President Luiz Inácio Lula da Silva devoted today’s edition of his biweekly radio ...

Anarchist with a Cause

By Alessandra Dalevi Being co-author of "Ai Que Saudade da Amélia", one of Brazil’s ...

Brazil’s Vice-President Undergoes Angioplasty. All Is Well.

Brazil’s Vice-President of the Republic and Minister of Defense, José Alencar, underwent a heart stint ...

Life Is Adventure

Postcards from Rio de Janeiro Then there is a third "click", much closer to ...

LETTERS

Despite the moralistic streak at Globo, the network is not abandoning its lewd characters. ...

Banco do Brasil Adopts Experian’s Experience to Check Clients’ Credit

Experian-Scorex has announced that Banco do Brasil is going to implement its Probe SM ...

US Visa on a Brazilian passport

US Visa Denial to Brazilians Dropped by Half. Over 85% Get It

The article “Things Couldn’t Get Worse to Brazilians Seeking US Visa. Still They Did,” ...