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:

Ads

You May Also Like

Real Income Gets Modest Boost in Brazil

In January, the real average income of workers in the six main metropolitan regions ...

Three Ministers Take Brazilian Message to Davos

Brazilian Foreign Minister, Celso Amorim, is in Davos at the World Economic Forum where ...

We Won’t Rerun US War in Iraq, Says Brazil’s Lula Concerning Bolivia

On Friday, May 5, in a conversation with reporters, Brazilian President Luiz Inácio Lula ...

Kids from Brazil. How Cool Are They?

Life in Brazil and in Rio, in particular, tends to be more focused on ...

Brazil Ready for Possible US Meltdown with a US$ 30 Billion Package

Prepared for the event of a United States default if no agreement is reached ...

RAPIDINHAS

CDs or Books by Keyword, Title or Author By Brazzil Magazine A Comédia dos ...

Canadian Firm Keeps Digging for Gold in Northern Brazil

Canada-based Lund Gold Ltd. announced yesterday that the remainder of its 2,000 meter Phase ...

On-line samba

The Internet is full of stories of romances, of lives saved, of businesses started. ...

Americans March All Over U.S. in Support of Brazil’s Landless

On April 22, demonstrations at Brazilian consulates around the United States, spearheaded by a ...

Brazil Presents the World in Europe Today Its Ethanol Success Story

Sugarcane and global warming. What do they have to do with each other? Everything, ...