Brazilian steel use to grow in 2018, 2019 as local economy recovers, Aço Brasil says
Published: Thursday, 06 December 2018
Brazilian apparent steel use will be higher than previously expected during 2018 and is estimated to grow again in 2019 while the industry moves on from a crisis with better economic prospects, local steel association Aço Brasil said on Wednesday December 5.
By Renato Rostás
Steel products consumption is set to reach 21.17 million
tonnes this year, up by 5.3% from 19.57 million tonnes in 2017.
Apparent use will then jump by 6.2% in 2019 to 22.47 million
tonnes, according to Aço Brasil added.