8,643.88 TRY BIST 100 BIST 100
4.87 CNY CNY CNY
34.34 USD USD USD
37.42 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.07 TRY Interest Interest
75.11 USD Fossil Oil Fossil Oil
32.50 USD Silver Silver
4.45 USD Copper Copper
102.15 USD Iron Ore Iron Ore
374.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,026.19 TRY Gold (gr) Gold (gr)

Brazilian steel hit by Asian imports surge

Brazilian steel sector anticipates 2024 challenges amidst surge in Asian imports.

Brazilian steel hit by Asian imports surge

In 2024, the Brazilian steel industry is gearing up to confront significant hurdles, with a notable drop in raw steel production from the 2023 output of 31.35 million metric tons. The primary culprit behind this decline is the escalating influx of Asian steel imports, casting a shadow on the domestic market. This shift is largely attributed to the substantial influx of imported goods, posing a threat to the local industry's stability.

Furthermore, local steel-consuming sectors, including major players like Brazilian auto manufacturers, are feeling the heat as their presence in the Latin American market undergoes a decline. The emergence of robust competition from Asian counterparts has added pressure, prompting a reevaluation of strategies within the domestic steel-consuming industries.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Malaysia initiates review of anti-dumping duties on stainless steel imports

Tuesday, November 5, 2024

China’s stainless steel exports increased by 33,7% in September

Tuesday, November 5, 2024

Kazakhstan government extends ban on scrap exports

Tuesday, November 5, 2024

Thyssenkrupp Steel Europe plans to renovate Duisburg plant

Tuesday, November 5, 2024

Türkiye's iron and steel export value was 7.8 billion USD in January-September period

Tuesday, November 5, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now