Marco Polo de Mello Lopes spoke with Paulo Guedes and stated that the sector operates with tranquility
The executive president of Brazil Steel InstituteMarco Polo de Mello Lopes, said that the sector operates with “tranquility” and “safety”but that factories were closed in Europe and a lower supply of steel in Europe.
He spoke with Minister Paulo Guedes (Economy) this Thursday afternoon (6.Oct.2022) about the closure of steel plants with the war between Russia and Ukraine.
According to him, there was a high “giant” prices on all raw materials and energy inputs, such as coal, gas and oil. The scenario made the operation of some steel mills unfeasible, such as in Poland, France, Spain and Germany.
The minister asked Marco Polo if closing the mills would open up an opportunity for Brazil to export steel abroad. The president of the institute stated that, in addition to a cut in the supply of the product, there is also a decrease in demand due to the global economic slowdown.
“We are and will probably still be impacted with these same issues of raw materials and energy inputs, but, for now, we are in the opposite direction. The world is going up, and we have gas prices going down”declared.
Eurozone inflation reached 10% for the first time in history in the 12-month period up to September.
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