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Brazilian Metal Struggles Amid Import Surge

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Brazilian Metal Struggles Amid Import Surge

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The Brazilian metal trade has witnessed notable shifts in early 2024, with crude metal manufacturing growing by 6.2% within the first quarter, reaching 8.3 million tons.

This progress happens in opposition to a backdrop of surging imports, notably from China, which rose by 25.4% year-on-year to 1.3 million tons.

These imports have grown by an alarming 49.9% over the primary eleven months of the yr.

The impression of those imports is profound, affecting native manufacturing and employment.

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