Brazil’s raw steel output rose 2.4% in January to 2.789 million tonnes, while local sales increased by 3.1% to 1.664 million tonnes, according to Aço Brasil.
In January, Brazil’s raw steel production experienced a 2.4% increase year-over-year, reaching a total output of 2.789 million tonnes. This data was reported by Aço Brasil, the organization representing steel mills in the country. Additionally, local steel sales advanced by 3.1%, totaling 1.664 million tonnes compared to January of the previous year. This growth indicates a strengthening demand within the domestic market for steel products.
The increase in Brazil’s raw steel output and local market sales highlights a positive growth trend in the steel industry. The reported numbers suggest both production and consumption are rising, indicating robust market conditions for steel in Brazil.
Original Source: www.tradingview.com
