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22 Jun
10:54

Brazilian crude steel output dips sharply in May

Brazilian crude steel output fell heavily in May according to the local steelmakers’ association Instituto Aco Brasil (IAB). Activity in the whole sector fell sharply due to the now well-publicised truckers’ strike, Kallanish notes. Brazilian crude steel output fell -8.5% in May from the same month in 2017 to 2.7 million tonnes, IAB says. The transport strike caused 16 blast furnaces to be banked and caused 10 steelworks to be halted the institute co…
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