According to federal energy planning company EPE, Brazil’s declining steel and aluminum output contributed to a 4.5% YoY drop in industrial power consumption in November.
High-tension consumption fell to 15.1TWh from 15.8TWh in the period, EPE said in its latest monthly report.
The report said that “Both the aluminum and steel sectors have been hit by lower international prices.”
According to data from the national steel institute IABr, in November, Brazil’s rolled steel output fell 8.5% YoY.
Aluminum association Abal said that Aluminum production decreased 31.4% in the same period.
Overall power consumption in Brazil, however, rose to 40.8TWh in November, up 2.3% over last year.
The figure was driven by a 7.8% year-on-year rise in commercial power use, with demand in the country’s southern region jumping 6.6%. Residential consumption rose 6.2% over the
Source – BN Americas
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