Brazil's Crude Steel Production Expected to Drop by 0.6% in 2025

Forex - The Brazilian steel industry group Aço Brasil announced that crude steel production in the country is expected to decline by 0.6% in 2025, reaching 33.59 million tons. The group noted that steel sales are projected to decrease by 0.8% to 21 million tons, while apparent steel consumption is anticipated to increase by 1.5% to 22.66 million tons.