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LatinNews Daily - 20 January 2021

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In brief: Brazil’s steel production tumbles in 2020, but domestic sales up

* The Instituto Aço Brasil, the representative of steel producers in Brazil, has released its figures for 2020, which show national steel production totalled 31m tonnes (t) last year, a 4.9% decrease on 2019 production volumes. Production fell across the sector, with production of laminated steel and of semi-finished steel products also tumbling compared with 2019 as a result of the steel’s industry shutdown during the start of the coronavirus (Covid-19) pandemic last year. Steel exports totalled 10.7m t, to a total value of US$5.4bn, 16.1% and 26.6% below 2019 export quantities and values, respectively. Domestic sales, however, increased by 2.4% to 19.2m t, which the Instituto Aço's director, Marco Polo Lopes, sees as confirming the recovery of the domestic market from the second half of the year onwards.