Despite Soaring Exports, Brazilian Steel Consumption will Fall in 2023

Published: Apr 18, 2023 15:17
Source: SMM
IAB-Instituto Aço Brasil said that Brazilian steel consumption will fall this year despite growing exports.

IAB-Instituto Aço Brasil said that Brazilian steel consumption will fall this year despite growing exports.

Brazilian steel consumption is expected to decline by 1% in 2023, and Brazilian steel exports are expected to grow by 7.6% in 2023, according to the Brazilian Iron and Steel Association.

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Despite Soaring Exports, Brazilian Steel Consumption will Fall in 2023 - Shanghai Metals Market (SMM)