Aluminum Copper Lead

Brazil's steel products output up by 17% YOY in Dec

Data released by the Brazilian Iron and Steel Association on Monday showed that Brazilian steel mills raised production in December 2020. Brazil's steel production in December 2020 was 2.89 million tons, an increase of 17% from December 2019; it was 2.95 million tons in November 2020.

Brazil's steel production in 2020 fell by 4.9% YOY to 30.97 million tons. The decline in production was due to the fact that blast furnaces and other equipment ceased operations shortly after Brazil announced the adoption of social distancing measures in March last year. This situation only improved at the beginning of the second half of the year.

In December, domestic steel sales in Brazil increased by 28% from the same period last year to 1.83 million tons, and the cumulative sales in 2020 increased by 2.4% to 19.25 million tons.

The Brazilian Iron and Steel Association stated at the end of November that it expects Brazil's steel sales to increase to 19.9 million tons in 2021.