Steel and Aluminium Archives

Steel and Aluminium Nov, 28, 2023 0

Brazil: steel imports lose momentum in October and fall 34%

Throughout October, distributors’ flat steel sales increased by 5.2% compared to September, reaching a volume of 340,000 tonnes. During this period, there was a slowdown in flat steel imports, which…

Steel and Aluminium Nov, 22, 2023 0

Chinese steel imports could lead Usiminas to shut down blast furnace

Usiminas is preparing to follow in the footsteps of other steel mills in Brazil and reduce production in the face of a growing influx of imported steel. The company, which…

Steel and Aluminium Nov, 17, 2023 0

ArcelorMittal to stop factories, furlough workers

ArcelorMittal, Brazil’s largest steelmaker, will furlough around 400 employees at its Resende plant, in the state of Rio de Janeiro, and temporarily suspend operations at different units, carrying out technical…

Steel and Aluminium Nov, 10, 2023 0

Surge in imports and decarbonization spreads concern across Latin America steel industry

More than 700 steel industry leaders from Latin America gathered in São Paulo to analyze the steel sector’s current situation and issued a strong warning about the surge in production…

Steel and Aluminium Nov, 07, 2023 0

Gerdau Steel President Urges Action as c Surge in Brazil

Gustavo Werneck, the President of Gerdau, a leading steel company, spoke at a press conference on Tuesday (7th) and expressed concern over the increasingly dire situation faced by steel producers…

Steel and Aluminium Oct, 04, 2023 0

Brazil steel industry leader calls importers “opportunists at the stakeout”

The surge in raw steel imports, primarily from China, has initiated a new wave of discomfort among various sectors of the industry. Steel mills argue that the situation is urgent,…

Steel and Aluminium Sep, 28, 2023 0

Brazil’s Steel Sector Threatened by Imports, Urges Government Action

On the verge of revising upward its steel import projections for 2023, the Brazilian steel sector may suspend operations and face “imminent” layoffs if the current 40% capacity utilization rate…

Steel and Aluminium Sep, 21, 2023 0

Brazilian crude steel output drops 5.9% in August as imports soar high

Brazil’s crude steel production in August totaled 2.719 million tonnes, a 5.9% drop compared to the same period last year, as reported by Aço Brasil on Thursday, Sept. 21. The…

Steel and Aluminium Sep, 20, 2023 0

Brazilian government approves early end to reduced import tariffs on 12 steel products

The Executive Committee of Brazil’s Foreign Trade Chamber (Camex) approved the withdrawal of 12 steel products from the normative resolution that allowed a 10% reduction in import taxes. The decision…

Exportação de sucata / scrap metal exports

Steel and Aluminium Sep, 18, 2023 0

Brazil ferrous scrap exports surge by 109% in August; yet sector hampered by tax evasion

According to figures from Brazil’s Ministry of Economy, ferrous scrap exports totaled 64,731 tonnes in August 2023, marking a 109.7% increase compared to the 30,864 tonnes exported in the same…