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27 Jun
13:20

Brazil's steel sector performance improves in May

Brazil’s steel production and consumption rose sequentially in May, Kallanish notes. According to local steelmakers’ association Instituto Aço Brasil (IAB)’s latest report, Brazil’s May crude steel output was 2.97 million tonnes. This was 1.7% more over April, but down 4.9% year-on-year. Five-month production was also 2.2% lower on-year at 14.5mt. May rolled products output dropped 1% and 17.5% respectively on-month and on-year at 2…
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