1. China Fuels Brazil's Dream of Being a Steel Power.
- Author
-
Benson, Todd
- Subjects
- *
STEEL industry , *STEEL , *STEEL foundries , *STEEL exports & imports , *LABOR market , *LABOR supply , *MANUFACTURING resource planning - Abstract
Reports that Brazil is poised to become a major player in the global steel industry with the help of some deep-pocketed foreign friends. How the combination of abundant raw materials, cheap labor and top-notch technology have made this possible; Brazil's plan to increase its production capacity by more than 30 percent in the next four years; Baosteel Shanghai Group of China, Arcelor of Luxembourg, Dongkuk Steek Mill Company of South Korea and the Italian metals group Danieli, are helping to finance the construction of a $700 million steel slab plant.
- Published
- 2004