Brazil’s steel outlook more positive for 2007
Dec 26, 2006 | 03:06 PM
| Diana Kinch
The outlook for Brazil's steel sector in 2007 is more positive than in 2006, despite continuing concerns over relatively low gross domestic product (GDP) growth and China's continuation as a major steel exporter, according to Marco Polo de Mello Lopes, vice president of the Instituto Brasileiro de Siderurgia (IBS).
Brazilian raw steel production is seen growing in 2007 to 34.87 million tonnes, up 12.8 percent from 2006, when output was hit by the accident at Cia. Siderurgica Nacional's No. 3 blast furnace.
Output also will grow because of Cia. Siderurgica Tubaro's 2.5-million-tonne-per-year No. 3 blast furnace, which is expected to come on-stream in first quarter of 2007, and a second blast furnace, with capacity of 1.5 million tonnes per year, at Gerdau Açominas SA, which is set to start during the second half of 2007.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.