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Brazilian steel and mining industries’ investment to reduce
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According to the report of the Brazilian Development Bank (BNDES), the Brazilian steel and mining industries’ investment will reduce during 2012 through 2015, in comparison of the investment during 2007 through 2010.
BNDES forecasted that the Brazilian steel industry will invest BRL21 billion during 2012 through 2015, lower than BRL32 billion during 2007 through 2010.
It’s analyzed that the decreased investment was caused by the uncertain global economy, oversupply and sluggish demand.
News Date
4/26/2012 9:05:33 AM
reported by
Caroline Bian
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