Brazil steel upbeat on next year, dims ’12 view

Nov 28, 2012 | 11:01 AM | Ana Paula Camargo

Tags  IABr, Brazil steel institute, steel output, steel comsumption, Chagas Vieira, Marco Polo de Mello Lopes, steel imports, Ana Paula Camargo

SÃO PAULO — Brazil’s steel industry looks set to pick up next year, domestic steel association IABr said, but lowered its 2012 forecasts.

In 2013, mills’ steel sales are expected to return to 2008 levels as federal economic stimulus measures are seen lifting local consumption. Sales should rise 7.7 percent to 23.39 million tonnes in 2013, IABr president Albano Chagas Vieira said, and steel consumption is seen rising 4.3 percent to 26.4 million tonnes.....

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