Brazil’s flat steel distribution sales seen growing 2% in ’12
Nov 08, 2012 | 12:22 PM
| Ana Paula Camargo
Tags
Carlos Loureiro,
Inda,
flat-rolled steel,
distributors,
service centers,
Minas Gerais,
Ana Paula Camargo
SÃO PAULO — Sales by Brazilian flat steel distributors and service centers are expected to increase about 2 percent this year, according to Carlos Loureiro, president of Brazilian steel association Inda.
Flat steel sales are estimated to reach 4.37 million tonnes compared with 4.29 million tonnes in 2011, Loureiro told AMM sister publication Steel First.
A previous forecast of 6-percent growth was hit by the weak performance of the Brazilian industrial sector. "We couldn’t imagine that Brazil’s industrial activity would perform so badly in 2012," Loureiro said. ....
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