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South America’s stainless steel demand remains sluggish
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The CEO of Aperam South America said at Latin American Stainless and Its Alloys Conference held in Rio de Janeiro that the Brazilian and South American stainless steel market would remain weak in the foreseen future.
He added that the Latin American stainless steel consumption has remained sluggish after the global economic crisis in 2008-2009 and he predicted that it might keep slack until 2014.
According to statistics, South America’s demand for stainless steel flat products decreased to 340,000 tons in 2009 from 450,000 tons in 2008. It surged to 467,000 tons and 459,000 tons in 2010 and 2011.
However, Brazil which consumes two-third of the stainless steel in South America only shows 2.7% rise in GDP in 2011, will affect the whole Latin American stainless steel market.
News Date
6/12/2012 10:00:58 AM
reported by
Nann Cheng
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