Brazil's crude steel production in December was down 12.7% at 2.14 million mt from 2.46 million mt a year earlier, steel institute Aco Brasil said Tuesday.

In full-year 2016, crude steel production totaled 30.21 million mt, compared to 33.24 million mt in 2015.

Production of finished steel products in December totaled 1.39 million mt, down 7.6% from 1.51 million mt a year earlier, Aco Brasil said.

In all 2016, production of finished steel products was 20.89 million mt, compared with 22.62 million mt in 2015.Finished steel shipments to the domestic market totaled 1.2 million mt in December, up 11% from a year earlier.

Finished steel exports in the month totaled 1. 3 million mt, valued at $569 million, down 17% in volume but up 4.2% in value from December 2015.

Imports totaled 201,000 mt in December, up 74.8% from December 2015, valued at $152 million.Apparent steel consumption in December, was 1.4 million mt, 12.7% higher than the same period a year earlier.

 

Source:platts.com

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