Brazil steel output flat in 2026, consumption down: Aço Brasil

Instituto Aço Brasil projects 2026 crude steel production of 33.38 million tons, a 0.1% decline from 2025, and domestic sales of 21.27 million tons, roughly stable. However, apparent consumption is expected to fall due to lower imports, signaling weak domestic demand. This suggests a subdued industrial outlook for Brazil, with potential implications for steel prices and economic growth.