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Brazilian steel production grew 11% in January

RIO DE JANEIRO, BRAZIL - Brazilian steel production increased 11% in January, compared to January last year, representing the highest growth since January 2019. Similarly, domestic sales grew 26% and apparent consumption rose 25%, the highest percentage since March 2015.

The figures were presented yesterday, February 22nd, by Marco Polo de Mello Lopes, CEO of Instituto Aço Brasil (Brazil Steel Institute).

For this year, the institute projects a 6.7% increase in crude steel production, with 33.04 million tons. Domestic sales (5.3%, with 20.2 million tons), exports (9%, 11.7 million tons), imports (9.8%, 2.2 . . .

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