Industry News

Brazil’s steel consumption predicted to grow by 6-8% in 2021 on higher infrastructure demand

Views : 251
Update time : 2020-11-05 16:51:10
According to Brazil Steel Institute (Instituto Aço Brasil, IABr), Brazil’s apparent steel consumption should reach 19.9 million tons this year, sliding by 4.7% compared to the previous year; however, IABr’s data showed that the market outlook has improved.

Executives of Gerdau S.A. (Gerdau), one of the largest steelmakers in Brazil, predicted that Brazil's steel consumption will grow by 6-8% in 2021, which was mainly driven by the demand from the domestic infrastructure projects.
Related News
Read More >>
Trump makes clear no intention of lifting tariffs on Canadian goods Trump makes clear no intention of lifting tariffs on Canadian goods
May .07.2025
Trump makes clear no intention of lifting tariffs on Canadian goods
Interpipe achieves new milestone in super-heavy pipe production Interpipe achieves new milestone in super-heavy pipe production
May .07.2025
Interpipe achieves new milestone in super-heavy pipe production
Taiwan's coated steel exports to US hit by tariffs and stronger NT dollar Taiwan's coated steel exports to US hit by tariffs and stronger NT dollar
May .07.2025
Taiwan's coated steel exports to US hit by tariffs and stronger NT dollar
Yieh Phui reports Q1 loss despite solid operations Yieh Phui reports Q1 loss despite solid operations
May .07.2025
Yieh Phui reports Q1 loss despite solid operations