Steel industry expecting 5.3% growth

The Brazilian industry association sees a rebound in output in 2020.

From the Newsroom

São Paulo – Steel industry is expected to be up 5.3% in 2020 to 34.2 million tonnes in Brazil, industry association Instituto Aço Brasil (IABr) reported this Thursday (5). That would mean a rebound over 2019, which saw lackluster economic performance take away from industry results.

For 2019, the IABr forecasts a 2.3% drop in domestic sales to 18.5 million tonnes and an 8.2% drop in output to 32.5 million tonnes. Exports are seen dropping 6.7% to 13 million tonnes.

Translated by Gabriel Pomerancblum

Press Release

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