Brazilian steel consumption falls 7% in July on weak economy

By IM Staff
Published: Tuesday, 20 August 2019

Brazilian apparent steel consumption fell in July on an annual basis, while weak economic performance pushed down domestic sales and imports alike, national steel association Aço Brasil said on Monday August 19.

Consumption totaled 1.76 million tonnes in July, 7.1% lower than 1.89 million tonnes a year before, Aço Brasil data showed.

Flat-rolled steel consumption was 1.03 million tonnes, down by 8.5% year on year compared with 1.13 million tonnes on year earlier, and long steel demand totaled 723,000 tonnes, a 5%...

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