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Metals / Perspectives

"We will no longer import billets, but rather briquettes and pellets, and supply ourselves with billets"

Ramiro Garzón

President
Fedimetal


In late October the Latin American Iron and Steel Institute (Ilafa) held its 50th annual conference in Ecuador's capital Quito, the first time the country has hosted the meeting of the region's key iron and steel companies. Holding the conference in Ecuador is a good sign for the country and highlights the iron and steel sector's development there. Today, Ecuador imports 70% of the raw materials used for steel production, while three years ago it was importing 94%. To learn more a

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"Perspectives beyond 2010 are very exciting" for nonferrous products


Sérgio Aredes

President
Sindicel, ABC

October 30, 2009

er a rough start to the year, Brazilian nonferrous metals companies are beginning to rebound but sales of copper and aluminum products in 2009 are expected to be some 15% lower than last year. BNamericas spoke with the president of nonferrous metals asso more No permission

Projects in Brazilian steel industry pipeline continue but at a slower pace


Otto Andrade

Consultant
Andrade & Associados Consultoria

October 22, 2009

this week's interview, BNamericas spoke with Andrade & Associados steel market consultant Otto Andrade who gave an overview of the Brazilian steel market and talked about the country's construction and expansion pipeline. The former Usiminas and Nippo more No permission

Weekly Wrap|Perspectives

Published: Friday, November 06, 2009

After a sluggish first half, Latin American steelmakers are back on track posting profits and again making substantial investments in new facilities. In Brazil, two of the region's largest steelmakers, Gerdau and CSN, disclosed plans to increase steel capacity and boost iron ore output at their mines in Minas Gerais state.

Gerdau set a capex budget of 9.5bn reais (US$5.2bn) for the 2010-14 period and CEO André Gerdau Johannpeter said 80% of the investments will be made in Brazil. The company is confident thanks to increasing investments in home construction and infrastructure in the country.

The executive highlighted a 1.75bn-real investment in a 1Mt/y heavy plate mill in Minas Gerais' Ouro Branco that is set to start operating in 2012. Also at the Ouro Branco unit Gerdau is investing 100mn reais to expand production capacity of a structural shape rolling mill to 700,000t/y.

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Coming Up

  • November  26, 2009

    Thanksgiving Day, US markets closed. - Regional

  • November  29, 2009

    Presidential elections. - Honduras

  • November  29, 2009

    Presidential run-off election. - Uruguay

  • December  06, 2009

    General elections. - Bolivia

  • December  13, 2009

    Presidential and congressional elections. - Chile