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Home Steel News Floods cause several companies to suspend operations in Brazil’s southern region
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Floods cause several companies to suspend operations in Brazil’s southern region

9 May 2024 15:53 reported by Stanley Wang

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Heavy rainfall in Rio Grande do Sul, Brazil, led several companies to halt operations due to severe flooding and infrastructure damage. The state government reported at least 83 deaths and 111 missing persons, with over 23,000 displaced from their homes. Record rains caused widespread devastation, including washed-out bridges and roads.

Gerdau, a Brazilian steelmaker, suspended operations in two mills, prioritizing safety. Logistics firm Rumo experienced asset damage, leading to partial interruptions. Petrochemical giant Braskem shut down its Triunfo facilities as a precaution, citing extreme weather conditions. No timeline has been set for resuming activities. Braskem operates eight units in Rio Grande do Sul, producing 5 million metric tons annually of basic petrochemicals, polyethylene, and polypropylene.

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Metal Price Index

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LME Official Bid Price

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