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Steel Industry in Brazil Continues to Face Hard Times

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – One of the consequences of Brazil’s economic crisis is the postponement of investments and reduction of production and labor force in key sectors of the economy, as in the steel industry.

Since 2014 the industry has closed 83 productive units, extinguished more than 40,000 jobs and delayed investments worth up to US$3.2 billion, according to Instituto Aço Brasil.

According to the entity, which represents steel producers in Brazil, the country decreased its crude steel production by 9.2 percent and its rolled steel production by . . .

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