Brazil - Latest news GMK Center

The plan is to extract 540,000 tons of iron ore per year from mines near the city of Porto Grande

The company's sales of iron ore on the domestic market increased by 19.6% y/y

The new forecast is more optimistic than the previous one and reflects increased expectations for GDP growth in the countries of the region

Brazil has huge opportunities to increase steel consumption and feels the need to create additional infrastructure

According to the results of 5 months, Brazilian products took 15% of the total EU steel imports

The company announced the signing an agreement with CSP shareholders, and the closing of the transaction is scheduled for the end of 2022

Brazil couldn`t replace supply drop from Ukraine

The safeguard measures were first imposed in 2013 and are now extended for five more years