Brazilian apparent steel use up 25% in February - A??o Brasil

Brazilian apparent steel consumption increased 24.5% year on year in February, while crude steel output grew 3.8% in the same comparison, according to figures from national steel association, A??o Brasil.

Apparent steel use reached 2.13 million tonnes last month, up from 1.71 million tonnes a year earlier.
Meanwhile, crude steel production totaled 2.85 million tonnes in February, from 2.74 million tonnes a year earlier.
"News published in the press about steel shortage are baseless and lack connection with the reality of the steel sector," A??o Brasil executive president Marco Polo de Mello Lopes said.

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