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Article: Brazil : Exports Providing Support For Brazil Steel Mills.
- Article from:
- TendersInfo
- Article date:
- August 28, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sanjayV03
A resumption of steel exports has been sustaining Brazilian steel mill operations since July, the Valor newspaper reported Wednesday.
According to the report, all Brazilian major steelmakers are benefitting from export demand.
Usiminas (USIM5.BR) vice-president for business, Sergio Leite de Andrade, told Valor that exports accounted for 35% of company output.
Usiminas has restarted two of its three furnaces which were off-line at the beginning of the month, and plans to ramp up output to 90% of total company capacity.
A fifth Usiminas blast furnace will restart only in the first half of 2010 when there are ...