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Brazil steel sector output projections cut by IABr-The 20th China (Guangzhou ) Int’l Casting product Exhibition
4/26/2019 - casting expo-Die-casting expo-foundry expo |
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Reuters reported that a leading Brazilian steel institute IABr, which represents a sector made up of 30 steel mills, cut its production forecast for steel to a 2.2% rise in 2019 from 2.7% amid concerns over economic growth and cost increases after miner Vale’s dam burst disaster. It said that it now expects 2019 production of 36.03 million tonnes. It also sees steel consumption, which includes domestic sales plus imports, growing 4.6% to 22.05 million tonnes, down from its December projection of 6.2% growth. IABr Chief Executive Marco Polo de Mello Lopes told reporters “The steel industry is now operating at 66.6% of installed capacity, which shows that the domestic market has not progressed as expected.”
The new projections come after the industry had a weak first quarter. Production in the period fell 2.8%, domestic sales shrank 0.1% and consumption fell 1.4% compared with the same period in 2018 铸件展-铸件采购会-国际铸件展-2019第二十届广州国际铸件展会-巨浪展览 -The 20th China (Guangzhou ) Int’l Casting product Exhibition -Casting product Exhibition, 2019 casting product Exhibition, China Casting product Exhibition, Casting Exhibition, China Casting Exhibition, 2019 Casting Exhibition, Casting product Expo, 2019 casting product Expo, China Casting product Expo, Casting Expo, China Casting Expo, 2019 Casting Expo,
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