SSAB aims to increase steel sales in Brazil

High-resistance steel producer SSAB Swedish Steel aims to increase its steel sales in Brazil to around 10,000 tons in 2006 compared to 4,000 tons last year. “Most of our projects target the automobile industry” the company said. SSAB is working on projects that are due to be launched in 2008 and 2009. With the new projects, SSAB aims to increase its sales to 20,000 tons annually in South America. SSAB has three plants in Sweden with an annual capacity of 4.1 million tons of specialty steel.