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Distributors and end-users started to note the extended lead times in July 2020, following that year s coronavirus pandemic peak in Brazil and then the resumption of economic activities.
Brazil rolled steel domestic apparent consumption surpassed production by 356,000 mt in March 2021, the highest differential since the beginning of Aço Brasil s monthly data releases in 2013. Total rolled steel production reached 2.09 million mt in March, while apparent consumption was 2.44 million mt, the data showed.
The second-highest differential was 255,000 mt in August 2013, when apparent consumption reached 2.18 million mt and rolled steel production was 2.26 million mt.