The Brazilian steelmakers predicted that the input costs would decrease in 2013 and the fierce price competition against the imports of steel products may be released, helping the Brazilian steel enterprises to decrease loss made in 2012. It’s expected that the some measurements made by the Brazilian governments in 2012 such as to cut energy prices, increase currency rater and impose import duty on certain steel products, will bring to effect in 2013. According to estimates made by Brazilian Steel Institute (IABr), the governments’ rule to cut electricity costs by 20% will help the steel industry to reduce input costs by 4%. Meanwhile, the Brazilian government increased the import duty on certain steel products may help the local steelmakers to raise its market shares.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62585&division=A6
