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Stainless steel demand to increase by 6% annually in Brazil, South America

2 Oct 2007 13:55 reported by Sharon

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Sergio Mendes, the business and service manager of Brazil Acesita, said that the stainless steel demand in Brazil and South America shows a 6 percent increase year-on-year and this upward trend is predicted to last till year 2011.

This growing figure is even higher than the averagely 5 percent in the global.

The Brazilian industrial activities are also commented in a healthy development, especially in the automobile and construction sectors, which lead increasing steel demands.

The drop of nickel price has caused wide influence in the global market. Similarly, the Brazilian domestic stainless steel market is without exception to experience a low period at this moment.

Currently the individual consumption in Brazil is around 1.4 kg for stainless steel while every Taiwanese consumes 43,4 kg on the average.

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