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/PRNewswire/ A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled. ....
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Steel consumption reaches pre-pandemic levels The pace of growth of steelmaking activities continues with an upward trend, despite the prospects of an uneven recovery in Latin American countries. In September, consumption totaled 5.025 million tons (Mt), an increase of 6.4% compared to August. This recovery was mainly leveraged by Brazil, Mexico and Peru, respectively. In the month, flat steel represented more than 85% of the recovery in consumption, while long steel represented 17.5%. Steel consumption reached 14.245 Mt in the third quarter, which represents an increase of 15.9% compared to the second quarter. Thus, consumption reached the 2020 average (14.245 Mt) and a process of recovery from pre-Pandemic levels of Covid-19 began (see graph 1). If the trend continues, there is a light at the end of the tunnel for the steel industry. ....