Brazilian steel consumption expected to decrease by 1%
The Brazilian Steel Institute (IABr) announced that Brazil's apparent steel consumption for 2023 is expected to decrease by 1% compared to 2022 to 23.2 million tons.
Brazil's steel imports expected to increase
Brazil's steel imports are expected to increase by 2.5% to 3.4 million tonnes.
Brazilian Steel Institute says automotive industry will increase production
The construction sector and the machinery and equipment sector, which are among the most important steel consumption sectors, are expected to decrease in their activities, while an increase in the production of the automotive sector is expected.
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