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Metals / Perspectives

"In our view, the global steel market has not stabilized yet... in Brazil, things are a little better"

Richard Sippli

VP, senior analyst
Moody's Latin America


In this interview, Moody's senior analyst Richard Sippli gives an overview of the credit situation facing Brazilian steelmakers. In his opinion, Usiminas is the best rated steelmaker when it comes to credit, in spite of tighter margins in recent quarters. The analyst is cautious regarding recently announced big capital expenditure plans, but praises how the "big three" (Usiminas, CSN and Gerdau) managed their way through the global crisis with stringent cost cutting programs. In regard to prod

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"What we really want is for the company to be used for national development, no matter who the owner is"


Hernando Basili

President
Cime

November 13, 2009

ently the Paraguayan government asked the attorney general to proceed with a measure to terminate the contract that privatized local steelmaker Acepar. The government also asked the attorney general to demand damages related to the privatization of the c more No permission

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


Ramiro Garzón

President
Fedimetal

November 06, 2009

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 more No permission

Weekly Wrap|Perspectives

Published: Friday, November 20, 2009

Brazilian iron ore miner Namisa will start production at the first of its two 6Mt/y pellet plants planned for Minas Gerais state at end-2012, CEO Charles Putz said during the second annual Americas Iron Ore Conference in Rio de Janeiro.

Namisa is expected to invest US$1.3bn in the two plants. Another US$640mn will be spent on a 20Mt/y beneficiation plant.

Putz said the idea is to export the majority of production once the plants are complete, but he did not specify what percentage that could be.

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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