The Brazilian steel sector is expected to grow 2.7% in 2022 compared to the previous year. The projection appears in the report of the Latin American Steel Association (Alacero), released on Thursday night (17), during the annual conference promoted by the entity. The expectation is that the industry will also advance in 2023, with an increase of 0.6%.
This year, Brazilian steel production is driven by the recovery of the automotive sector, which grew 32% in the third quarter of this year, according to the Alacero report, after a difficult first half due to the lack of parts. This year, the high of the segment was 6.3%.
Civil construction, on the other hand, had a retraction of 5.7% from June to August, impacted by the increase in interest rates and, consequently, the difficulty in financing real estate.
Currently, the Selic rate in Brazil is 13.75% per annum. However, Alacero points out, the expectation in the medium term is for a recovery, with more investments due to more stable inflation.
For the mechanical machinery segment, which has accumulated a drop of 3.2% this year, the forecast is for future growth in demand due to the possible record harvest expected next year.
If in Brazil the numbers suggest progress, the Latin American Steel Association moderates the projections for the continent due to global inflation, the energy crisis in Europe and the war in Ukraine.
“The whole world is experiencing an unprecedented inflationary process, largely destroyed among all countries, which weakens the export movement”, analyzed Alejandro Wagner, executive director of the entity.
Source: CNN Brasil
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