This research manager from Majestic Steel USA predicts that increased domestic demand for steel will turn Brazil from a net exporter of finished steel into a net importer during the next three to five years –potentially creating rapid price increases on the global market.
Expect global price increases as Brazil shifts from a net exporter into a net importer over the next 3-5 years. Prices will also be more volatile due to the shift in how iron ore is priced from annual contracts to quarterly pricing.
Josh Spoores, market research manager at Majestic Steel USA (Cleveland, OH), will speak at the third annual SteelOrbis Steel Trade Conference that is being held in San Diego from July 8-10. Spoores will speak during the second day of the…