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Financial News: BRAZIL: Crude Steel Production Rises 15.3% In November

BRAZIL: Crude Steel Production Rises 15.3% In November To 3.03 Million Tons

12/18/2017 - 23:08:00 (RTTNews)

(RTTNews) - Brazil's crude steel production rose 15.3% in November from a year before to 3.03 million tons, according to preliminary data released by the Brazilian Steel Institute (IABr).

Rolled steel output rose 11.9% year-on-year to 1.987 million tons. Out of this total, 1.202 million tons were of flat steel, while 785 thousand tons were of long steel - increases of 8.2% and 18%, respectively.

From January to November, crude steel output in Brazil increased 9.1% over the same period in 2016, to 31,542 million tons. Rolled steel production increased 5.8%, to 20,648 million tons, of which 12.593 million tonnes were of flat steel, and 8,055 million tons were of long steel - representing a 12% increase and a decrease of 2.7%, respectively.

Total steel sales in Brazil rose 6.7% in November compared to the same month in the previous year, to 1.434 million tons. Year-to-date, sales increased 1.4% compared to the same period in 2016, totaling 15.489 million tons.

At a press conference last month, IABr directors said it expects crude steel production to end 2017 around 9.2% higher than in 2016, at 34.154 million tons. Domestic steel sales are expected to grow 1.2% this year, to 16,723 million tons.

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