Recently published research from Business Monitor International, "Brazil Metals Report Q4 2012", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 12/11/2012 -- Growth For Global Games, But Challenges Remain
Metal consumption growth in Brazil will be driven by the construction sector in the coming years as infrastructure spending is ramped up. In particular, we highlight preparations to host the 2014 FIFA World Cup and the 2016 Olympic Games in Rio de Janeiro. We forecast steel consumption growth of 1.0% in 2012, before a pickup in subsequent years. Annual growth should average 5.6% over the 2012- 2016 period, buoyed by healthy infrastructure spending. We forecast infrastructure industry value to grow by an average of 6.8% over the same period.
Production growth will disappoint previous years' ambitious expectations, as weak margins will continue to force a rationalisation of the sector. This trend is illustrated by ThyssenKrupp, Germany's biggest steelmaker, considering wooing suitors for its loss-making steel mills in Brazil.
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