Steel in Bulk Production Grows 7% in Brazil

Steel from BrazilThe production of steel in bulk in Brazil was 3.14 million tons in August, an increase of 6.9% over the same month last year, according to figures disclosed by the Brazilian Steel Institute (IBS).

According to the organization, the production of laminates in August reached 2.26 million tons, or 3.6% more than in the same period in 2007. The production of long steel, in turn, grew 8.1% and reached 987,900 tons, a record.

Always according to the IBS, sales of long laminates on the domestic market reached 859,000 tons in the month, an increase of 20%. According to a press statement by the institute, the performance was boosted by the civil construction sector, which is heated due to the expansion of offer of credit and to investment in development in the country.

The organization informs that 50% of the demand of this sector is for rebar and profiles turned to the civil construction industry.

Sales of flat laminates, in turn, remained stable when compared to August 2007, at 1.09 million tons, although sales to the auto industry rose.

On the foreign market, exports of steelworks products rose 25.4% in August when compared to the same month last year, according to the IBS.

Anba

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Your email address will not be published.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

Brazilians, the World’s Friendliest People. Or Are They?

It’s widely known that Brazilians are the largest community in Orkut, Google’s invitation-only social ...

In Brazil Women Earn Up to 70% Less than Men and Blacks 60% Less than Whites

Notwithstanding their higher degree of formal education, Brazilian women receive salaries that average 30% ...

Brazil Ready to Help Exporters Hit by Cheap Dollar

The Brazilian government is preparing a package of measures to help exporters hit by ...

Brazil Giant Carbocloro to Run on Pilot Software

Carbocloro Indústrias QuÀ­micas from Brazil has selected American-based Pilot Software for controlling its operations. ...

Jeitinho, Brazil’s Creative Way to Break the Law and Feel Virtuous About It

American historian Robert M. Levine, director of Latin American Studies at the University of ...

Brazil's CVRD

Brazilian Multinationals Want a Bigger Share of the World Market

The Brazilian companies are taking up better and better positions in the list of ...

Up and Coming

Yes, there are prosperous and even rich Brazilian blacks. And they are not just ...

Narcotraffic Deals the Cards in Brazil

Waldogate, the scandal that is rocking the Lula administration in Brazil, has been under ...

Brazil to Reward Exporters with Tax Breaks

The Brazilian Ministry of Development, Industry and Foreign Trade is working on a project ...