{"id":55496,"date":"2016-10-25T18:30:00","date_gmt":"2016-10-25T20:30:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/steel-industry-poised-to-grow-again\/"},"modified":"2019-06-30T12:50:39","modified_gmt":"2019-06-30T15:50:39","slug":"steel-industry-poised-to-grow-again","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/steel-industry-poised-to-grow-again\/","title":{"rendered":"Steel industry poised to grow again"},"content":{"rendered":"<p>Rio de Janeiro &ndash; Speaking at a congress this Tuesday (25), Latin American Steel Association (Alacero) president Jefferson de Paula said he expects &ldquo;a promising recovery of the economy and of the steel industry in Latin America in 2017.&rdquo; At the Alacero industry show, Jefferson de Paula said the world economy is showing signs of a rebound, &ldquo;with projections of 3.4% growth in 2016.&rdquo; He is also the CEO for Central and South America with ArcelorMittal and a board member with the ArcelorMittal group.<\/p>\n<p>De Paula believes that although Latin America will consume 64.8 million tons of steel in 2016, a 6.5% drop from 2015, 2017 will see 3.6% growth compared with this year. According to him, this will be so because steel consumption is expected to increase significantly across the region&rsquo;s top markets: Mexico, Brazil, Argentina and Colombia. Jefferson de Paula added that in 2015, Brazil&rsquo;s economy reverted back to 2006 and 2007 levels. Nonetheless, he believes that &ldquo;the worst has passed and the country is moving steadily towards recouping its losses.&rdquo; <\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The president of the Latin American Steel Association said a rebound is due in the continent in 2017 as a result of a pickup in the world economy.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","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-55496","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The president of the Latin American Steel Association said a rebound is due in the continent in 2017 as a result of a pickup in the world economy.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/55496","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\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=55496"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/55496\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=55496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=55496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=55496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}