Iron and Steel News - BRIC Countries

Brazil, Russia, India, China iron ore and steel sector news

The term BRIC countries refers to Brazil, Russia, India and China. In the iron and steel industry, these countries are notable because of their high expected economic growth rates across the next 20-30 years or so and the consequent implication for long-term growth in future world steel demand. Compared to the industrialised world, the BRIC countries generally have relatively low labour costs and / or access to low cost energy or steelmaking raw materials making them strategically attractive locations for the high volume manufacture of iron & steel.