Brazilian Steel Production Is Down 10% This Year

    Brazil produced 2.5 million tons of raw steel in May, 3.3% more than in April but 9% less than in May, 2005. The figures were announced yesterday, June 19, by the Brazilian Steel Institute (IBS), which attributed the decline to the shutdown of a furnace belonging to the National Steel Company in Volta Redonda, in the Rio de Janeiro state. The furnace has been idle since February.

    Domestic sales amounted to 1.52 million tons, 13.7% more than in May of last year. Sales of laminated products grew 12.5% to 1.45 million tons.

    According to the IBS, this increase reflects greater demand on the part of consumers in the automotive, industrial construction, and capital goods sectors.

    Exports totaled 813 thousand tons, 7.9% less than in May, 2005. The IBS deems that priority was given to the domestic market.

    Brazil continues to be Latin America’s number one steel manufacturer. Between January and April of this year the country produced 9.6 million tons of raw steel. The state of Minas Gerais accounted for 40% of this total.

    In the first four months of this year, Brazilian steel production is down 10.2% in comparison with the same period in 2005. China is the world’s biggest steel producer, with an output of 126.2 million tons in the first four months of 2006.

    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    Your email address will not be published.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

    Sí£o Paulo, Brazil, 451 Today, Is an Ethnic Powerhouse

    The city of São Paulo celebrates today 451 years of history. From the school ...

    President Dilma Rousseff

    Brazil President Urges US and EU to Put More Effort to Control Debt Crisis

    The presidents of Brazil, India, and South Africa on Tuesday urged the world’s rich ...

    Reforestation Is a Growth Business in Brazil: 19% More in 2005

    Brazil is presently in seventh place in the world ranking of planted forests area. ...

    Bolivia Nationalizes Gas and Gets What It Wanted from Brazil

    Bolivian President Evo Morales completed his ambitious oil and gas nationalization plan early Sunday, ...

    Basic Schooling Now Takes 12 Years in Brazil Too

    Brazil is moving to expand its basic education system (elementary schooling) to 9 years, ...

    Nobel prize winner Muhammad Yunus

    How Brazil Has Learned Bangladesh’s Microcredit Lesson

    When Muhammad Yunus, the economist who founded the influential Grameen Bank (which dispenses small ...

    Brazil exports

    Brazil Exports in 2008 Reach US$ 126 Billion and Imports, US$ 110 Billion

    So far this month, Brazilian exports reached US$ 14.924 billion, with a daily average ...

    Brazilian presidential candidates Dilma Rousseff and Marina Silva

    Dilma and Marina Gather Plans and Papers to Become Brazil’s President

    Dilma Rousseff, Lula’s handpicked presidential candidate to October 3 Brazilian elections promised, if elected, ...

    Brazil-Colombia border

    Brazil and Colombia Unite Against Drug Dealers and FARC Terrorists

    Brazil and Colombia agreed on a cooperation and defense agreement aimed at controlling the ...

    Brazil's Eco Shower

    Brazil Wants to Export Eco-Electric Shower

    Brazil's KL Telecom, a company located in Santa Rita do Sapucaí­, in the Brazilian ...