16 Dec 2020
Brazilian Crude Steel Output Extends Rise
Brazilian crude steel production grew 11.2% year-on-year to just shy of 3 Mt in November, data from Instituto Aço Brasil show. This marked the highest level since April 2019 and a fifth consecutive month of annual gains. Nevertheless, weakness earlier in the year weighed on January-November production, which fell 6.7% to 28.1 Mt.