Brazilian steel output drops 19% in Oct

摘要

Brazil produced 2.60 mt of crude steel in October, down 19% on the year from 3.22 mt, but up 8% from 2.40 mt in September, according to data from the Brazilian Steel Institute. According to an industry source, “the prospect in crude steel output for November and December is also very low due to the contraction of the Brazilian economy caused by lack of global steel demand and increasing trade barriers.”