BSI forecasts increase in Brazil’s steel output

The Brazil Steel Institute (BSI) expects the steel output in Brazil to increase by 5.8 per cent this year to reach 36.51 million tons, mostly due to the recovery of the domestic economy. Domestic market sales are expected to expand by 7.6 per cent (totaling 23.25 million tons), a “modest” increase according to the Chairman of the Board, Albano Chagas Vieira.
Exports, however, are positioned to total 8.94 million tons, equivalent to US$6.6 billion, representing a decrease of 8.8 per cent in volume and 5.7 per cent in revenue. Considering this data, the steel production rate would increase to about 75 per cent of installed capacity, amounting to 48.9 million tons.
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