06
May
01:00
Brazilian automotive producers reduce output, make layoffs on falling demand
The current crisis in the Brazilian automotive industry is leading several companies to reduce their output and announce layoffs, Kallanish learns from the Brazilian Steel Institute, Instituto Aço Brazil (IAB).
In the first four months of the year the volume of new vehicle sales in the country fell by -19.2% year-on-year to 893,300 units, compared to 1.1 million units reached in 2014. April was the worst month for sales in eight years, with 219,300 un…
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Anonymous
Very good overview of the weekly steel market.
Anonymous