Brazil’s crude steel output drops in May
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Update time : 2024-06-24 16:21:50
According to statistics from Brazil Steel Institute (Instituto Aço Brasil, IABr), in May, Brazil’s crude steel production reached about 2.58 million tons, decreasing by 7.4% from the same month a year ago and declining by 5.2% month on month.
Meanwhile, compared May 2024 to the same month in 2023, the production of steel products went down by 3% month on month and dropped by 1.9% year on year to 1.86 million tons. Concurrently, the country’s steel product consumption increased by 4.9% year on year to 2.14 million tons.
