Tata Steel shuts trading desk in Rio

Dec 19, 2012 | 11:33 AM | Juan Weik

Tags  Tata Steel, Rio de Janeiro office, Brazil trading office, export sales structure, steel, flat-rolled steel, Juan Weik

SÃO PAULO — India’s Tata Steel Ltd. has shut its Rio de Janeiro office, which was used as a trading desk for export and import transactions.

The move was part of a global cost-cutting program at the Mumbai-based steelmaker, local market participants said. The company earlier this year had announced plans to cut staff in the Persian Gulf (amm.com, April 4). ....

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