Brazil Steel Industry News

Minmetals ponders Marampa investment (China Daily)
Sat 7 Nov 2009 2:10am
Metals trader China Minmetals said on Friday that it was conducting research on a London Mining iron ore project and has not signed any cooperation deal for the same....


Steel distributors' sales, purchases expected to have increased in October - Brazi...
Fri 6 Nov 2009 9:29pm
Brazilian flat steel distributors are expected to have increased both purchases from mills and sales volume in October compared to the previous month, according to Christiano Freire,......


Vale Inco staff raise $154,272 for United Way; company to donate another $400,000 ...
Fri 6 Nov 2009 4:07pm
Vale Inco staff employees have raised $154,272 for the United Way Centraide Sudbury and District campaign, a sum that will be augmented by a $400,000 contribution from the company, V......


ArcelorMittal to invest $5 bn in new steel mill in Brazil (The Economic Times)
Fri 6 Nov 2009 8:14am
ArcelorMittal to invest $5 bn in new steel mill in BrazilArcelorMittal to invest $5 bn in new steel mill in Brazil...


ArcelorMittal to invest $5 bn in new steel mill in Brazil (MalaysiaNews.net)
Fri 6 Nov 2009 7:36am
Rio de Janeiro, Nov 6 (EFE) ArcelorMittal SA, the world's largest steelmaker, plans to invest $5 billion to build a new steel mill in Brazil, CEO Lakshmi Mittal said in statements pu......


ArcelorMittal to invest 5 billion dollars in new steel mill in Brazil (New Kerala)
Fri 6 Nov 2009 7:08am
Rio de Janeiro, Nov 6 : ArcelorMittal SA, the world's largest steelmaker, plans to invest 5 billion dollars to build a new steel mill in Brazil, CEO Lakshmi Mittal said in statements......


Gerdau boosts 2010-14 capex budget to US$5.2bn - Brazil (Business News Americas)
Thu 5 Nov 2009 8:44pm
Brazilian steelmaker Gerdau (NYSE: GGB) has set a capex budget of 9.5bn reais (US$5.2bn) for the 2010-14 period, CEO André Gerdau Johannpeter said Thursday during a conference call....


Gerdau Ameristeel posts strong adjusted 3Q results (AP via Yahoo! Finance)
Thu 5 Nov 2009 6:15pm
Gerdau Ameristeel Corp. said Thursday it lost money in the third quarter as revenue fell and it took one-time accounting charges for halting steel production at a mill and cutting debt....


Bovespa Gains on Gerdau, Vivo Profit, U.S. Data; Real Declines (Bloomberg)
Thu 5 Nov 2009 2:47pm
Nov. 5 (Bloomberg) -- Brazilian stocks rose for a third day after the countrys biggest steel and mobile-phone companies reported profit that beat analyst estimates and U.S. economic......


Gerdau Quarterly Profit Falls 43% on Demand, Prices (Update1) (Bloomberg)
Thu 5 Nov 2009 1:10pm
Nov. 5 (Bloomberg) -- Gerdau SA , Latin Americas largest steelmaker, said third-quarter profit fell 43 percent as U.S. demand for the metal remained weak and international prices de......


Gerdau Ameristeel Announces 2009 Third Quarter Results (PR Newswire via Yahoo! Fin...
Thu 5 Nov 2009 12:15pm
Gerdau Ameristeel Corporation today reported a net loss of $25.4 million for the three months ended September 30, 2009, in comparison to net income of $316.9 million for the three mo......


ArcelorMittal To Invest $5 Billion In Brazil Steel Mill - Report (Nasdaq)
Thu 5 Nov 2009 11:48am
RIO DE JANEIRO -(Dow Jones)- ArcelorMittal (MT) will invest $5 billion in a steel mill joint-venture with Brazilian mining company Vale S.A. (VALE, VALE5.BR), the Valor newspaper rep......