The Brazilian Steel Institute IABr expects Brazil’s apparent consumption of steel products reaching 23.3 million tonnes in 2022, domestic sales reaching 20.2 million tonnes and the steel production reaching 34.6 million tonnes. According to lABr, comparing to the pre-pandemic year of 2019, apparent consumption in 2022 would increase by 12.5% & domestic sales by 9.5%. lABr President Mr Jefferson de Paula said that the results of 2022 are positive and reflect the strength of the Brazilian steel industry and its capacity to maintain a growing path. lABr added that in 2022 exports of steel products should increase by 12.3% from 2021, while imports are set to decline by 34.1% to 3.4 million tonnes.lABr forecasts are that domestic sales would increase by 1.9% YoY in 2023, apparent consumption in by 1.5% YoY, production of crude steel by 2.0% YoY, exports by 2.1% YoY and imports by 2.3% YoY
The Brazilian Steel Institute IABr expects Brazil’s apparent consumption of steel products reaching 23.3 million tonnes in 2022, domestic sales reaching 20.2 million tonnes and the steel production reaching 34.6 million tonnes. According to lABr, comparing to the pre-pandemic year of 2019, apparent consumption in 2022 would increase by 12.5% & domestic sales by 9.5%. lABr President Mr Jefferson de Paula said that the results of 2022 are positive and reflect the strength of the Brazilian steel industry and its capacity to maintain a growing path. lABr added that in 2022 exports of steel products should increase by 12.3% from 2021, while imports are set to decline by 34.1% to 3.4 million tonnes.lABr forecasts are that domestic sales would increase by 1.9% YoY in 2023, apparent consumption in by 1.5% YoY, production of crude steel by 2.0% YoY, exports by 2.1% YoY and imports by 2.3% YoY
