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Your email address will not be published.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

Brazil Acts As Portugal’s Colony

Brazil’s TV Record coverage of the European football championship was unacceptable. For this reason, ...

Brazil Outdoes Argentina in Soy and Cattle

The 70 million tons of the 2008/09 Argentine harvest would represent 2.9% of the ...

Lula, Brazil’s Mr. Gardiner

Our own tele-idiot is very real and has already conquered Brasília. Our President analyzes ...

US Ultimatum to Brazil: Get Rid of Piracy or Else

The United States gave Brazil a deadline: the country has 6 months to combat ...

How Obama Is Hurting Brazil’s Chances to Host 2016 Olympics

Mimicking American president-elect Barack Obama battle cry during his winning electoral campaign, Rio de ...

Brazilian Students Get First Place in the US for Engineering Design

A team of Brazilian students won top prize at Continental’s “Best-in-Class” Brake Systems Award ...

Land Ahoy!

Brazil has close to 12 million landless peasants. Although the country’s constitution guarantees the ...

Is The Church Ready for a Brazilian Pope?

Brazil is the country with more catholics in the world, with a population of ...

Iraqi Architect Puts Her Imprint on Brazil’s Hottest Sandal

Melissa, the most popular sandal in Brazil,  will be "speaking" Arabic once again. In ...

Brazil’s Doesn’t Wish to Be Prosperity Island Surrounded by Misery, Says Lula

A planned gas pipeline that will run from Venezuela throught Brazil, Argentina, Bolivia and ...