Jul 27, 2017
BRAZIL: Steelmakers Estimate Higher Output And Lower Sales In 2017
BRAZIL: Steelmakers Estimate Higher Output And Lower Sales In 2017
The Brazilian Steel Institute (IABr), which represents steelmakers that operate in the country, kept unchanged its forecast for the local steel output in 2017 at 32.420 million tons, a 3.8% increase compared to last year. However, the estimate for domestic steel sales was revised down to 16.310 million tons, a 1.3% decrease. Previously, IABR expected a 1.3% increase. Steel exports, meanwhile, are…
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