The Aço Brasil Institute estimates an increase of 2.2% in production, in 2022, to 36.807 million tons. The internal sales are expected to grow by 2.5%, to 23.347 million tons, according to the entity. “We believe that demand levels will continue in 2022”, said the president of the Board of Directors of Aço Brasil, Marcos Faraco. Apparent consumption will rise by 1.5%, to 27.05 million tons. According to Aço Brasil, projected investments from 2021 to 2025 total R$ 45 billion. The entity also revised upward the steel production at 14.7%, in 2021, to 36 million tons. Domestic sales are expected to grow 17%, to 22.78 million tons. Exports will have a drop of 4.3%, in 2021, to 10 million tons. The organization estimates that imports will increase by 96.9%, to 3.86 million tons. Apparent steel consumption will grow 24.3% to 26.65 million tons.
Source: Portos e Navios (*Translated by Ia Niani)