Brazilian Steel Institute recently said that the spread of COVID-19 in the country has harmed demand for steel which is set to decline by 50% MOM in April and O2 steel demand is exnected to fall by 40% compared with the first quarter. with annual demand for 2020 to decrease by 20% YoYIn 2019. Brazil's apparent steel consumption was 20.60 million tonnes. down by 2.7% YOY: crude steell production declined to 32.33 million tonnes. the lowest since 2016 (30.20 million tonnes)Marco Polo de Mello Lopes, executive president of Brazilian Steel Institute said that steel demand is disappearing quickly with orders being canceled after the government announced national quarantine and lockdown, addina it is a very fast chain reaction and companies are now dealing with cashflow problems.He hopes that economic activity would oradually recover on the premise of safety. As of now. Brazilian steelmakers" capacity utilization rate has dropped below 60%, and steel mills are studving on furthe production cut. which might lead to an additional decline in capacity utilization rate.Lopes disclosed that the Institute is seeking to raise the tax rebate for steel exports from the current 0.1% to 5%, which means a 7% price advantage for related products when exported, so the country's steel exports are expected to increase by 20%Data released by the Institute shows that Brazilian steelmakers exnorted 12 8 million tonnes of steel products in 2019. down by 8.1% YoY.
Cangzhou Steel Pipe Group (CSPG)Co.,Ltd.
No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.
CSPG has more than eighteen years history company which located in Lecong Iron and Steel World, a well-known steel distribution center in China, with superior geographical position and convenient water and land transportation.
We are a direct-selling manufacturer specializing in the research and development of spiral steel pipes, steel spiral pipes, anti-corrosion steel pipes inside and outside. Since its inception, the company has been guided by a brand-new thinking of steel pipe product market based on the business philosophy of honesty, pragmatism and knowledge-seeking.