Brazil's July crude steel production increased by 3.5% year-on-year to 2.6 million tons

According to data from the local Brazilian steel association, Brazilian crude steel production in July increased by 3.5% year-on-year to 2.6 million tons. IABr data shows that the total domestic steel sales in July was 1.7 million tons, an increase of 8.3% year-on-year, and pointed out that steel consumption in July increased by 4.4% year-on-year According to the Brazilian Iron and Steel Association, steel imports in July reached 146,000 tons, valued at US$168 million. Compare to the same period last year, these figures show a decrease of 27.7% in quantity and 23.7% in value. Cumulatively from January to July, Brazil's crude steel output fell 13.9% year-on-year to 17.1 million tons.


From January to July, domestic steel sales were ten million tons, a year-on-year decrease of 7.6%. Apparent steel consumption of the top seven last month was 11.2 million tons, down 8.2% year-on-year. According to IABr statistics, from January to July this year, Brazil's steel imports totaled 1.2 million tons, down 18.5% year-on-year, and imports amounted to $1.3 billion, down 16% year-on-year. Brazil's steel production from January to July fell 8.7% year-on-year to 7 million tons. From January to July, Brazil's cumulative steel exports fell 24.9% year-on-year about 3.5 billion US dollars.