Brazil Steel: May IABr: Tariffs Continue to Fence Out Foreign Steel
Report Coverage
- Broker
- JPMorgan
- Region
- United States, Latin America
- Report Type
- Market Report
- Primary Focus
- Brazil Steel
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Report Summary
May-26 May-25 y/y Apr-26 m/m YTD Apparent Consumption (kt) 2,068 2,407 -14.1% 2,115 -2.2% -4.0% Flat (kt) 1,252 1,520 -17.6% 1,226 2.1% -3.6
Key Takeaways
- Apparent steel consumption reached 2,068kt in May, down 14.1% y/y and LatAm Metals & Mining
- 2% m/m. The annual decline was driven by a 17.6% fall in flat product
- Domestic sales increased 1.4% y/y and were relatively flat (+0.2%) versus the
- International sales also improved both year-over-year (+26.2%) and month-
- Crude steel production totaled 2,769kt, up 2.3% y/y and 3.6% m/m, driven
- Steel imports fell to 312kt, down 55.4% y/y and 14.0% m/m, bringing the
Why This Report Matters
JPMorgan's 10-page analysis on "Brazil Steel: May IABr: Tariffs Continue to Fence Out Foreign Steel" provides institutional-grade insights for investors and professionals seeking to understand current market dynamics and investment implications in this space.
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This summary is for users researching the JPMorgan Brazil Steel report. It helps users review Brazil Steel: May IABr: Tariffs Continue to Fence Out Foreign Steel coverage, key takeaways, and related broker or sector research paths across Tariff, Brazil, Steel:; Latin America Equity Research, June.
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