Ag\u00eancia Brazil*<\/STRONG><\/P> Rio de Janeiro – The Brazilian ironworks industry should have 26.4% greater export revenues in 2005 than in 2004, according to estimates by the Brazilian Ironworks Institute (IBS). The sector hopes to have revenues of US$ 6.7 billion with foreign sales up to the end of 2005. The volume of products shipped abroad should also grow, around 5%, and reach 12.6 million tonnes.<\/P> The greater growth in revenues than in export volume, according to the IBS, is due to the export of greater volumes of finished products, and lower exports of semi-finished products. Brazilian ironworks revenues on the foreign market should be record this year.<\/P> Next year the sector hopes to grow even more, to around 13 million tonnes. The world consumption should expand between 4% and 5%, pulled by China. The growth in consumption by the Chinese may rise as high as 10%. Revenues with foreign sales, however, should drop. The IBS believes there may be an international reduction in the price of steel.<\/P> "The behaviour of foreign steel prices is a great worry to Brazilian ironworks due to the downwards tendency, caused largely by the behaviour of China, which has gone from being a steel importer to a steel exporter," stated the president at the IBS, Luiz Andr\u00e9 Rico.<\/P> Brazilian ironworks production should drop 4.1% this year when compared to 2004, according to the IBS, and should reach 31.6 million tonnes. Figures supplied by the institution show that there has been a reduction in consumption on the domestic market, mainly in civil construction. The president of the IBS, however, is optimistic with regard to 2006. He believes that production should grow 4.1%.<\/P> *Translated by Mark Ament<\/STRONG><\/P><\/p>\n","protected":false},"excerpt":{"rendered":" Ironworks industries in Brazil hope to reach sales revenues of US$ 6.7 billion with foreign sales in the year of 2005. The volume exported should rise 5% when compared to last year and should reach 12.6 million tonnes. The revenue increase is due to the growth of sales of finished products.<\/p>\n","protected":false},"author":2308,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-19515","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Ironworks industries in Brazil hope to reach sales revenues of US$ 6.7 billion with foreign sales in the year of 2005. The volume exported should rise 5% when compared to last year and should reach 12.6 million tonnes. The revenue increase is due to the growth of sales of finished products.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/19515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2308"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=19515"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/19515\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=19515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=19515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=19515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}