Steel in Bulk Production Grows 7% in Brazil

Brazzil Magazine covers

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:

You May Also Like

Brazzil Magazine covers

Brazil’s Petrobras Swimming in Oil and Cash: Profits Up 33%

Brazilian state oil company Petrobras said its first-quarter net profit rose 33% over 2005 ...

Brazzil Magazine covers

Bribery Charges Hit Brazil’s Finance Minister and Markets

Latin American markets were mixed to lower on the day, as Brazil posted another ...

Brazzil Magazine covers

In Bahia, Brazil, Politicians Revenge Is Also Best Served Cold

Marco Prisco was getting tanned in the sunshine in the wonderful resort in Costa ...

Brazzil Magazine covers

Uruguay Leader Sees Dirty Tricks from Brazil and Argentina in Mercosur

For Uruguay's ruling coalition presidential candidate José Mujica, Mercosur is "lame and in misery," ...

Brazzil Magazine covers

Tunisia Wants Brazil’s Technology on Growing Wheat

Gathered in Brazilian capital BrasÀ­lia, researchers of the Ministry of Agriculture of Tunisia and ...

Brazzil Magazine covers

Abuse of Power: Brazilian Minister Beats Up Journalist and His Wife

Brazilian journalist Ronaldo Lázaro Tiradentes, of the Rádio e Televisão Tiradentes network, which relays ...