According to data released on Friday (30), the Brazilian steel industry has again exceeded its expectations for this year, with a modest growth expected for sales, and a forecast increase of 5.3% for 2021. The sector now expects steel sales in Brazil to grow by 0.5% to 18.9 million tons in 2020, and to reach 19.9 million in 2021, says Instituto Aço Brasil. In September, sales were expected to increase by 3.1% in 2020. Although the civil construction and the machinery and equipment sectors have been reporting problems in the supply of steel in the domestic market, managers from Aço Brasil said that the supply is moving towards normality and that the risk of a product shortage is zero.
Sources: Reuters / Portos e Navios
*Translated by Ia Niani