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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