Brazil’s auto output expected to increase
Brazil's automobile output is expected to increase 11 percent year on year to 2.7 million units in 2006.
Accordingly,
Brazil's flat steel
consumption is also expected to increase this year.
The growth in auto industry will have a positive impact on flat steel producers. The flat steel
consumption is expected to increase 4-5 percent this year.
Brazil's automobile output rose 11 percent year on year to 2.5 million units in 2005.