Capital goods imports worry Latin America steel industry

Nov 19, 2013 | 10:51 AM | Ana Paula Camargo

Tags  steel, capital goods imports, Germano Mendes de Paula, Benjamin Baptista, Alacero, metal-mechanics sector, Ana Paula Camargo

SÃO PAULO — The Latin American steel industry is concerned about the large influx of capital goods into the region, mainly from China.

"If the machines and equipment were being produced in Brazil, for instance, we would have an additional demand equivalent to (local flat steel producer Usinas Siderúrgicas de Minas Gerais SA’s) Usiminas’ (9.5-million-tonne-per-year) output capacity," Benjamin Baptista, former president of Latin....

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