Brazilian distributors’ outlook gloomy on weak economy

Jun 26, 2013 | 12:40 PM | Juan Weik

Tags  Carlos Loureiro, Inda, Brazil steel, flat steel, steel distributors, Inda, Juan Weik

SÃO PAULO — Brazil’s association of flat steel distributors, Inda, expects a poorer performance this year on the back of a weaker-than-expected economy aggravated by social instability.

Sales in the distribution chain are not expected to grow beyond 2.5 percent this year, far below the 6 percent the association had been predicting until April, Inda president Carlos Loureiro told journalists June 25 in São Paulo.....

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