Crude steel exports up 21% in revenue, generating sales of $3 bi YTD

Brazilian crude steel exports totaled 4.3 million tons between January and May, up 128.4% over the same period last year, generating revenue of US$ 3 billion. Volume dropped 13.6% and billing increased 20.5%. The data were released on June 17 by Instituto Aço Brasil (IABr).

According to the Institute, 2 million tons were imported in the first five months of the year, an increase of 128.4% in relation to the same period of the previous year. In value, imports totaled US$ 1.8 billion, a growth of 92.2% in the same period of comparison.

The IABr also informed that the national production of crude steel grew 20.3% from January to May, compared to the same period last year. Totaling 14.9 million tons, production set a new all-time record. The production of rolled products in the first five months of the year grew 29.7%, compared to the result registered in the same period in 2020, at 11.1 million tons. Production of semi-finished products for sales totaled 3.3 million tons from January to May, an increase of 0.5% on the same basis of comparison.

Source: Comex do Brasil

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