Brazil’s Steel Production Grows over 7%

    Steel made in Brazil

    Steel made in Brazil Bulk steel production in Brazil ended the first nine months of the year at 28 million tons, growth of 7.3% over the same period in 2007. The figures were disclosed by the Brazilian Steel Institute (IBS), which calculated production of 3 million tons of bulk steel in September, 5% more than production in September last year.

    "The results of accumulated sales show growth in the whole sector, with special attention to long steel products, boosted by the great demand in the civil construction industry," justified the IBS.

    Although there was retraction in the sale of laminates on the foreign market, due to prioritization of the domestic market, the greater trade of semi-finished products caused sales to close the first nine months of the year with expansion of 27.2% over the same period in 2007, having reached a total of 6.97 million tons. Exports of products generated revenues of US$ 5.86 billion to the country.

    The figures disclosed by the IBS also show that national production in the month of September was 2.14 million tons, representing a reduction of 0.7% due to the scheduled equipment stops in the flat steel mills, in which the reduction was 8.2%. In long products, production reached 967,000 tons, representing an increase of 10.3%.

    Domestic sales of laminates last month were 10.3% greater than in September 2007, reaching 1.9 million tons. In the accumulated result for the year, growth was 15.8%.

    Trade Surplus

    Brazil's trade surplus reached US$ 334 million in the third week of October and US$ 874 million in the accumulated result for the month so far. This year, the surplus up until now totals US$ 20.530 billion, a figure lower than the US$ 32.956 billion recorded during the same period in 2007.

    Last week, exports totaled US$ 4.093 billion and imports, US$ 3.759 billion, which contributed for figures this month to reach US$ 10.941 billion and US$ 10.067 billion, respectively.

    In the accumulated result for the year so far, exports reached US$ 161.809 billion and imports, US$ 141.279 billion. The figures were disclosed today (20th) by the Brazilian Ministry of Development, Industry and Foreign Trade.

    ABr

    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    Your email address will not be published.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

    Brazil's employment book

    Brazil’s Unemployment Rate Falls Slightly to 8.6%

    Brazil's unemployment rate stood at 8.6% in March, as against the 8.7% rate recorded ...

    Study Shows Less Inequality in Brazil But Also General Decline in Income

    Social inequality is at its lowest level since the 1960 Census. This is one ...

    Talent Is Good, But You Need a Team to Win the Cup, Says Brazil’s Coach

    What needs to win World Cup title? Brazil coach Carlos Alberto Parreira is sure, ...

    The Wise Old Man

    Till the end, Barbosa Lima Sobrinho, 103, was never afraid to defend what he ...

    Sugar cane plantation in Brazil

    Brazil Raises Sugar Cane Production 15% to Make Ethanol

    Brazil should harvest 547 million tons of sugar cane by March 2008, the equivalent ...

    Child Labor Seen as Good for Country and Kids by Brazilians

    The International Labor Organization’s (ILO) projects coordinator, Renato Mendes, believes that child labor is ...

    Brazil Arrests 32 for Environmental Crimes, 25 Are State Employees

    Brazil has unleashed today, August 30, a police operation called Euterpe to catch people ...

    The Poor Can Also Be Solidary with Haiti, Says Brazil’s Chancellor

    At the opening of the International High Level Meeting on Haiti, the Brazilian Minister ...

    Land Ahoy!

    Brazil has close to 12 million landless peasants. Although the country’s constitution guarantees the ...

    Brazil's Lula talking

    Brazil’s Latest Boast: We Were IMF Debtors Now We Tell Them What to Do

    Brazilian President Luiz Inácio Lula da Silva says that Brazil is climbing out, and ...