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Brazilian News

Sergio Milatias 
Editor in Chief of Revista do Parafusos

Steel production decreased 17,9%

Of the total of 32 highs already existing in Brazil, 10 remain paralyzed.
The crude steel production in Brazil fell 17.9% in the first half of 2020 compared to the same period in 2019, while domestic sales suffered about 10.5% from January to June, the same decreasing percentage of apparent consumption (-10.5%). Exports decreased 8.1% and imports, 17.0%. 

The sector's negative performance in the 1st semester is likely mainly by the pandemic. However, the figures for June in relation to May were already the best, reflecting the beginning of the recovery path. 
Domestic steel sales in June showed an increase of 29.6% compared to the previous month, while consumption appeared below 29.4% and an increase of 14.5%. Steel production in June, however, fell by 5.0% over the previous month.
Currently operating with only 48.5% of its installed capacity, that sector has 32 blast furnaces, but 10 of them are paralyzed.

In the domestic market, the sector's expectation is that infrastructure and civil construction projects will be the main drivers of consumption of steel products, with a slower reform of other items consumed, such as automotive.

Gerdau got profit at Q2
Long steel rose 10% pulled by construction and exports sectors

About to turn 120 years from foundation (1901), the Gerdau is the largest Brazilian steel producer and one of the main suppliers of long steel in the Americas and special steel in the world. Present in 10 countries and has more than 30 thousand direct and indirect employees in all its operations, Gerdau's shares are listed on the São Paulo (B3), New York (NYSE) and Madrid (Latibex) stock exchanges.

The company ended the second quarter (Q2) 2020 with adjusted Ebitda (earnings before interest, taxes, depreciation, and amortization) around R$ 1,3 billion, with an Ebitda margin of 15.1%. The result was influenced by the gradual recovery of steel consumption levels in Brazil, after the impacts caused by the Covid-19 pandemic and excludes non-recurring effects, mainly linked to the recovery of credits and provisions, as well as fixed costs of mills stopped during the period. quarter.
Also so, at Q2, the sales of long steel rise 10% on compare with Q1, thanks by resilience from build construction and exports.

Shock absorber nuts induce T-Cross for recall

Since July 2020 started a recall involving Volkswagen vehicles T-Cross, model 2020. On press release, the Volkswagen Brazil reports that the possibility of fixing the upper nuts for fixing the belts on the front shock absorbers was found. The loosening of these components causes noise in the suspension and, in the case of continued use in this condition, a nut and a buckle can come loose, compromising the stability of the vehicle and harming damage and material damage, serious physical damage or even fatal to the occupants of the vehicle and third parties.

Such repair implies the replacement of nuts and application of chemical lock. 

New recall involving bicycle crank

The Procon-SP (the local consumer protection entity) published in July 2020 a recall by failure in fastening on bicycle crank, from Sirrus and Sirrus X models, sold between 2019 and 2020. The responsible company is the Specialized Brazil, in which must provide any clarifications that are necessary, as determined by the law. 

In the statement, the company informs that the cranks may not have been fastening according to the factory specifications, which may come loose and result in a sudden loss of control and cause accidents.