Brazilian Ananda Metais , service center and sections fabricator , announced that the company was not positive to see the market demand improvement in 2013, especially for the currency exchange issue to lift of the US dollar and also due to low prices in the domestic market which suffered from foreign steel products this year. It will affect the local business by keeping overhead costs growing however the revenues are still remained unchanged. Therefore, it causes Brazilian market less competitive against other countries. It has to make an adjustment for current steel business structure in order to remain healthy in 2013.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62132&division=A6
