9,612.84 TRY BIST 100 BIST 100
37.83 USD USD USD
5.24 CNY CNY CNY
40.78 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.53 TRY Interest Interest
73.74 USD Fossil Oil Fossil Oil
34.28 USD Silver Silver
5.09 USD Copper Copper
103.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,761.14 TRY Gold (gr) Gold (gr)

Brazil’s steel industry to invest R$100 billion to enhance competitiveness of domestic products

Brazil’s steel industry announced a R$100 billion investment to expand production capacity and enhance the competitiveness of domestic products.

Brazil’s steel industry to invest R$100 billion to enhance competitiveness of domestic products
Brazil’s steel industry announced a R$100 billion investment to expand production capacity and enhance the competitiveness of domestic products. This move follows government measures aimed at stimulating industrial growth and improving the economic landscape, including tax incentives, regulatory reforms, and infrastructure improvements.

The investment will modernize existing facilities, build new plants, and adopt advanced technologies, boosting production efficiency and product quality. The investments will launch over the next few years, with significant milestones expected by 2028.

This initiative is projected to create thousands of jobs in the steel industry and related sectors like construction, transportation, and technology. Additionally, the improved infrastructure is likely to attract more foreign investments, further driving economic growth.

A portion of the investment will focus on sustainability, with the industry committing to greener technologies to minimize environmental impact. This includes reducing carbon emissions and enhancing waste management.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Kuwait Gains Access to Global Debt Markets After Law Amendment

Friday, March 28, 2025

China's international trade volume increased by 14% in February

Friday, March 28, 2025

Global market challenges are increasing for German companies

Friday, March 28, 2025

Russia increases iron and steel exports to South Korea

Friday, March 28, 2025

Discussions on scrap trade in Europe are deepening

Tuesday, March 25, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now