RIO DE JANEIRO, April 1 (Reuters) - Brazil’s largest steel industry group said on Wednesday it expected mills in Brazil to produce 36.1 million tonnes of steel in 2015, a rise of 6.5 percent on the previous year.
The extra steel will predominantly be shipped abroad, IABr said, forecasting a 38.1 percent rise in exports over the previous year. Domestic sales are expected to fall 8 percent to 19 million tonnes.
IABr forecast that imports of steel to Brazil will fall 6.3 percent, while revising down its estimate for domestic consumption to a 7 percent fall, from a 2 percent increase, on the previous year.
Reporting by Stephen Eisenhammer and Rodrigo Viga Gaier