ArcelorMittal eyeing ’13 rise in Brazilian long steel sales

Apr 16, 2013 | 12:29 PM | Juan Weik

Tags  ArcelorMittal, long steel products, steel sales, Jefferson de Paula, ArcelorMittal Long Carbon Americas

SÃO PAULO — ArcelorMittal SA expects sales at its long steel products operation in Brazil to grow by around 4 percent in 2013 following a year of unfulfilled expectations in the nation’s economy.

"Brazil has been growing less than we expected: Everyone talked about a 4-percent lift in gross domestic product (GDP) for 2012, but the growth was 0.9 percent," Jefferson de Paula, executive vice president and chief executive officer of ArcelorMittal Long Carbon Americas, told AMM sister publication Steel First in an interview.

"Our expectancy (for 2013) is that steel consumption in Brazil will grow by 4 percent and, as we want to maintain our current market share, we’re expecting a 4-percent rise in sales, too," he said.....

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