Raw Steel Production Boosts Economy in Brazil with Impressive Data: Production Increased by 10% in March and Domestic Sales Rose by 20.2% Compared to February

Written by Daiane Souza

Published on 09/06/2022 at 11:38

Produção de aço bruto alavanca economia no Brasil com dados impressionantes: aumento de produtividade foi de 10% em março e vendas internas chegaram a 20,2% de alta em comparação a fevereiro – Pixabay

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Data Reveals That The Steel Sector Is Overheated And Promises To Bring New Jobs And Financial Returns To The Industry Starting In 2022. Companies Are Positive About The Possibility Of A Recovery In The Sector During The Pandemic, Despite The Volatilities Caused By The War Between Russia And Ukraine, Which Erupted At The End Of February.

The Steel Institute of Brazil announced that by the end of 2020, it is estimated that growth in the domestic economy in relation to sales and steel production should reach 2.5%. This development expectation is quite similar to the data already revealed by research conducted by the World Steel Association. Meanwhile, the National Institute of Steel Distributors (Inda) expects even more positive data by estimating that productivity growth in the sector should reach 3% per year, which could automate the market and the economy of Brazil.

Another aspect that shows positivity is in relation to sales increasing by 10% in March, and a rise, compared to February, which was 20%. Numbers also revealed by Açovisa’s marketing manager, Giovani Marques da Costa, show that due to the larger amount of steel in the domestic market, the import drop will be 15% while exports will rise exponentially by 2%. This goes against ANIP’s predictions about the industry’s development, which had predicted in its report a market stagnation with an increase of only 1.2% per year. These data appear hopeful given that the Brazilian economy stagnated at 4% during the Covid-19 pandemic in 2020.

Increase In Metal Prices Shows Desperation For The Civil Construction Sector, But There Is Still A Light At The End Of The Tunnel

https://www.youtube.com/watch?v=z5VpDlGJDto&ab_channel=LuckasRossato

Source: Rossato

In one year, iron has fallen by at least 28% of its value while steel has seen a negative variation of 33%. Despite a slight cooling in the mining market, it is important to emphasize that the accumulated increase since the pandemic still makes civil construction unfeasible. Nevertheless, reports shared by the Reuters portal show that the forecast is for a productivity increase in 2022, which could cause prices to fall again in 2023, representing a light at the end of the tunnel.

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Raw Steel Production Boosts Economy in Brazil with Impressive Data: Production Increased by 10% in March and Domestic Sales Rose by 20.2% Compared to February

Increase In Metal Prices Shows Desperation For The Civil Construction Sector, But There Is Still A Light At The End Of The Tunnel

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Raw Steel Production Boosts Economy in Brazil with Impressive Data: Production Increased by 10% in March and Domestic Sales Rose by 20.2% Compared to February

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Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

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China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

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