Steel Industry, One of the Most Important Sectors for the Economy and Job Creation, Returns to Pre-Pandemic Production Levels

Written by Fabio Lucas Carvalho

Published on 30/09/2021 at 21:30

Metalúrgica Durametal, durante fabricação de cubos de rodas. Fortaleza (CE) 17.07.2014 – Foto: José Paulo Lacerda

Seja o primeiro a reagir!

Steel Industry Resumes Idle Capacity and Returns to Pre-Pandemic Production Levels

One of the most important sectors for job creation, the Brazilian steel industry has resumed its idle capacity, reaching pre-pandemic production levels. Marco Faraco, president of the Aço Brasil Board of Directors, stated that steel production in Brazil operated at only 40% of its capacity at the peak of the pandemic. Given the governmental actions and the micro and macroeconomic scenarios of the country, the industry has recovered.

Faraco also addressed the drastic reduction in steel exports during the pandemic. This action was taken to meet domestic market needs. According to him, the expectation is that the steel industry sector will see growth of 14% in crude steel production compared to 2020. Meanwhile, domestic sales are expected to increase by 19%, while apparent consumption is projected to rise by 24%.

“We consider the recovery of the systemic competitiveness of the Brazilian steel sector as a priority, and this is directly linked to the Cost of Brazil. The approval of tax reform is essential, being broad and reducing tax cumulative effects,” he said.

ARTICLE CONTINUES BELOW

Aço Brasil Congress

***Image of Minister Tarcísio de Freitas, of Infrastructure. Marcelo Camargo/Agência Brasil***

On Wednesday, the opening of the Aço Brasil 2021 congress took place, bringing together authorities, experts, and business people remotely to discuss expectations and the steel sector in the economy. Tarcísio de Freitas, Minister of Infrastructure, was also present and commented on Brazil’s steel production in 2021.

“We have seen growth in domestic sales and apparent consumption of steel products. Steel is a leading indicator. This means that following this growth in steel consumption, we will also see growth in our gross domestic product,” said the Minister of Infrastructure.

Steel Industry, One of the Most Important Sectors for the Economy and Job Creation, Returns to Pre-Pandemic Production Levels

Steel Industry Resumes Idle Capacity and Returns to Pre-Pandemic Production Levels

Aço Brasil Congress

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

A virus that infects most of the world’s population has challenged medicine for decades, but a new antibody can block the invasion and opens a promising route for protection.

With a displacement of almost 2,000 meters and measuring 68 meters, the submarine NRP Tridente leaves Lisbon to participate in NATO’s Operation Brilliant Shield, aiming to strengthen surveillance in strategic areas.

PetroReconcavo takes 100 children from the Ciranda Viva project to the Bahia Book Fair and reinforces its investment in education, culture, and social development in the metropolitan region of Salvador.

After 50 years of searching fields with a metal detector, a man found a Viking gold arm ring weighing 27.26 grams on the Isle of Man, made with 8 braided wires and buried for over 1,000 years, a rare piece folded for concealment that reveals how wealth circulated in the Nordic world.

Goodbye Buser? A project approved in the Chamber may prohibit the sale of individual tickets and completely transform app-based transportation in the country.

Steel Industry, One of the Most Important Sectors for the Economy and Job Creation, Returns to Pre-Pandemic Production Levels

Steel Industry Resumes Idle Capacity and Returns to Pre-Pandemic Production Levels

Aço Brasil Congress

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Venice is at real risk of disappearing under the sea by 2300, and scientists reveal 4 radical solutions ranging from billion-euro projects of up to €100 billion to the extreme decision to abandon the historic city forever.

Shotcrete replaces manual plastering, can double or even triple productivity on site, and delivers more uniform walls; this industrialized technique has been gaining ground precisely where there is a lack of skilled labor.

Common tiles may be on borrowed time because a new European technology transforms the roof itself into a solar power plant without the need for traditional panels that sit on top and spoil the house’s appearance.

The project approved by the federal government plans the construction of a mega railway that will cross 24 cities, cost 6.6 billion reais, and transform the logistics map of the Southeast by connecting Espírito Santo to Rio de Janeiro.

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

A virus that infects most of the world’s population has challenged medicine for decades, but a new antibody can block the invasion and opens a promising route for protection.

With a displacement of almost 2,000 meters and measuring 68 meters, the submarine NRP Tridente leaves Lisbon to participate in NATO’s Operation Brilliant Shield, aiming to strengthen surveillance in strategic areas.

PetroReconcavo takes 100 children from the Ciranda Viva project to the Bahia Book Fair and reinforces its investment in education, culture, and social development in the metropolitan region of Salvador.

After 50 years of searching fields with a metal detector, a man found a Viking gold arm ring weighing 27.26 grams on the Isle of Man, made with 8 braided wires and buried for over 1,000 years, a rare piece folded for concealment that reveals how wealth circulated in the Nordic world.

Goodbye Buser? A project approved in the Chamber may prohibit the sale of individual tickets and completely transform app-based transportation in the country.