Brazilian Steel Association has organized Aço Brasil Congress 2022 on 23-24 August 2022, where representatives of the national steel industry saw good prospects for the sector even though they said the current and medium-term market scenarios were volatile, unstable and uncertain and there is an urgent need for measures related to competitiveness, including the reduction of the Brazil Cost and greater public and private efforts toward energy transition and decarbonization. Aço Brasil Institute Executive President Mr Marco Polo de Mello Lopes “The production idle rate proves that the problem in the industry is not one of supply, but of demand. We need to export to improve the level of capacity utilization, which today is 68% or 69% and everyone knows that it should be above 80%.”Gerdau CEO Mr Gustavo Werneck said “The indicator of steel consumption per inhabitant is monitored by the UN because it is directly related to the economic performance of countries. Doubling up is a bold goal. Last year was an unusual year. We need public policies to reach these numbers.”Usiminas Chairman Mr Sergio Leite said “Increasing steel consumption is dependent upon the country's GDP growth and heavy investment in infrastructure. Civil construction is another lever, and we have an important deficit in the country. Finally, the automotive sector has the potential to become an export hub.In the last 10 years, the Brazilian steel sector has invested more than BRL 158 billion in new and expanded installations and is investing another BRL 52 billion between 2022 and 2026. The initiatives are hoped to increase the country's per capita steel consumption, which has been stagnant at 100-120 kg per year for a decade.The Aço Brasil Institute brings together 12 local business groups that manage 31 production plants in 10 Brazilian states. The annual billing of the sector is close to BRL 200 billion, with around BRL 40 billion paid in taxes. The members includeAço Verde do BrasilAperamArcelorMittalCSPGerdauSinobrasTerniumUsiminasVallourecVillares Metals
Brazilian Steel Association has organized Aço Brasil Congress 2022 on 23-24 August 2022, where representatives of the national steel industry saw good prospects for the sector even though they said the current and medium-term market scenarios were volatile, unstable and uncertain and there is an urgent need for measures related to competitiveness, including the reduction of the Brazil Cost and greater public and private efforts toward energy transition and decarbonization. Aço Brasil Institute Executive President Mr Marco Polo de Mello Lopes “The production idle rate proves that the problem in the industry is not one of supply, but of demand. We need to export to improve the level of capacity utilization, which today is 68% or 69% and everyone knows that it should be above 80%.”Gerdau CEO Mr Gustavo Werneck said “The indicator of steel consumption per inhabitant is monitored by the UN because it is directly related to the economic performance of countries. Doubling up is a bold goal. Last year was an unusual year. We need public policies to reach these numbers.”Usiminas Chairman Mr Sergio Leite said “Increasing steel consumption is dependent upon the country's GDP growth and heavy investment in infrastructure. Civil construction is another lever, and we have an important deficit in the country. Finally, the automotive sector has the potential to become an export hub.In the last 10 years, the Brazilian steel sector has invested more than BRL 158 billion in new and expanded installations and is investing another BRL 52 billion between 2022 and 2026. The initiatives are hoped to increase the country's per capita steel consumption, which has been stagnant at 100-120 kg per year for a decade.The Aço Brasil Institute brings together 12 local business groups that manage 31 production plants in 10 Brazilian states. The annual billing of the sector is close to BRL 200 billion, with around BRL 40 billion paid in taxes. The members includeAço Verde do BrasilAperamArcelorMittalCSPGerdauSinobrasTerniumUsiminasVallourecVillares Metals
