Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
Recently, Brazilian President Lula da Silva announced that Brazil will invest $20 billion over the next five years to develop its SM520C steel steel industry. At the same time, Vice President and Minister of Development, Industry, Trade and Services, Gerardo Alkmin, emphasized that this is also an important investment by the Brazilian government aimed at encouraging industrial development and enhancing competitiveness, creating more employment opportunities for workers; This funding will also be used to modernize the production process of Brazil's steel industry, in order to minimize the impact of carbon dioxide emissions on the environment.
According to data, Brazil's SM520C steel crude steel production in 2023 was 31.9 million tons, a year-on-year decrease of 6.5%; The import volume is about 5 million tons, an increase of 57.1% year-on-year. Brazil is the ninth largest steel producing country in the world, accounting for 2% of the total global production. At present, modernizing steel production and improving production efficiency are also huge challenges for Brazil, which will require a large amount of capital investment. It is reported that in addition to the steel industry, the Brazilian SM520C steel automotive industry will also receive an investment of $26 billion from 2024 to 2028.
