Brazil’s steel output is expected to rise by 5.8% to 36.51 million tons this year, driven by recover y of the domestic economy, according to report of Brazil Steel Institute (IABr).
It’s forecasted that the sales in domestic markets would increase by 7.6% to 23.25 million tons this year. Meanwhile, the country’s steel exports are expected to rise by 8.8% to 8.94 million tons.
Besides, the report pointed out that Brazil faces difficulties to compete against other countries due to high taxes and high prices of the Brazilian real in foreign exchanges.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64513&division=A6
