Brazil to set steel output, sales records in ’07

Dec 04, 2007 | 02:54 PM | Diana Kinch

Brazil's raw steel output should grow in 2007 to a record 33.96 million tonnes, up 9.9 percent from 2006, with further growth of 10.8 percent foreseen for 2008, in line with continuing strong domestic and international market demand, the president of the Instituto Brasileiro de Siderurgia (IBS) said Tuesday.

Domestic steel sales this year should reach a record 20.7 million tonnes, up 18 percent from 2006, Rinaldo Campos Soares said. Exports are seen falling 15.6 percent as a result to 10.56 million tonnes, he said.....

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