The Brazilian steel industry currently has 12 blast furnaces and a number of meltshops and rolling mills that are at a standstill because of the lack of demand resulting from the Covid-19 pandemic, according to national steel association Instituto A??o Brasil.
"April was the worst month for sales since 1995," A??o Brasil executive president Marco Polo de Mello Lopes said on Thursday May 7 after a meeting in the country's capital, Bras?-lia.The country's manufacturing sector is operating with capacity utilization at 60% due to the quarantine measures that some Brazilian states are enforcing to contain the spread of Covid-19. A??o Brasil once again asked authorities to make the restrictions more flexible and allow the economy to recover....