Import affects investment in the steel industry of Brazil

A recent survey conducted among the leaders of the steel industry at a conference in San Paulo indicates a decrease in investment in the sector. On average, companies operate on 35% of the inactive capacities, mainly due to an increase in imports, especially from China, which is reported below the market value.

It is expected that the Gerdau, which plans to invest to $ 1.12 billion per year in its international operations, will maintain this total investment, but will reduce the fraction allocated to its Brazilian Operations. usiminas adjusted its investment target for a year from $ 300 million to $ 260 million, focusing exclusively on operational improvements. Aço Verde Brazil, a manufacturer of varietal rental for the domestic market, plans to increase the annual capacity of 30 percent of current 728,000 tons. Sylvia Nasento President brought low domestic prices and weakened demand as reasons, since the plant currently operates at 33 percent of the idle power. the ArcelorMittal Brazilian division recently completed the investment cycle, including the acquisition of the producer of Pecem plates. Earlier this year, the company announced plans to invest up to $ 750 million in its factory in Tubarao; However, the viability of this project is currently under threat due to competition from Chinese imports. The company's sources said that planned investments can be revised if the volume of imported steel