Despite Volume Fall Brazil’s Ironworks Industry on the Rise

    Ironworks industry

    Ironworks industry Despite a worldwide reduction in the volume of mergers and acquisitions in the ironworks industry, operations in Brazil grew by 52%. The figure, which concerns last year, is part of a survey conducted by PricewaterhouseCoopers (PwC). Turnover from deals closed in the segment, in Brazil, which totaled US$ 9.7 billion in 2007, leapt to US$ 14.8 billion in 2008.

    Brazil answered to 24% of the global business volume and was responsible for the sector's turnover in South America. According to PwC, a large number of deals took place in the iron ore sector.

    The consultancy firm adds that China and Russia also posted positive figures. The deals concluded in the Asian Pacific region totaled to US$ 16.4 billion. In 2007, the total was US$ 7.2 billion. The growth was 127%.

    In the United States, on the other hand, ironworks industry mergers and acquisitions fell sharply, from US$ 76.7 billion in 2007 to US$ 15.8 billion last year. The main contributing factor was the decline in investment in the fields of steel and aluminum.

    The most important deal during the period was closed by Russian company Evraz, which purchased the United States-based pipe-manufacturing arm of IPSCO from the Swedish SSAB for US$ 4 billion.

    The global ironworks scenario is imbalanced, with some companies facing big problems and others recording relatively healthy growth rates and attaining record-high investment levels, according to Jim Forbes, the global metals head at PwC.



    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *


    You May Also Like

    Brazil Arrests American Charged with Pedophilia in Copacabana

    The little Brazilian boy, 9, told his classmate what the old man had done ...

    Brazilian Steel Production Is Down 10% This Year

    Brazil produced 2.5 million tons of raw steel in May, 3.3% more than in ...

    Car making in Brazil

    Brazil to Get US$ 14 Billion Trade Surplus This Year, One Third of 2007

    Brazilians are finding some encouraging numbers in their latest statistics. Data shows that the ...

    12 Million Brazilians Still Have No Electricity at Home

    In less than a year, the Light for All program is expected to benefit ...

    Americans March All Over U.S. in Support of Brazil’s Landless

    On April 22, demonstrations at Brazilian consulates around the United States, spearheaded by a ...

    Gilmar Alberto Wasckman

    Brazil Cannibalism: Man Gets 16 Years for Killing and Eating Foe’s Heart

    Brazilian carpenter Gilmar Alberto Wasckman, 46, was convicted this Friday, July 31st, by a ...

    Brazil Mehmari’s Latest Release Dances Between Themes

    Pianist/composer/multi-instrumentalist André Mehmari has the rare distinction of being one of the most consistently ...

    Use of Credit Card in Brazil Grows 20% and Reaches US$ 87.5 Billion

    Brazil’s credit card market should have a turnover of US$ 87.5 billion this year, ...

    Requiem for a Bubble

    Globo Group and the Folha Group, two giants of the media, who had wrangled ...

    There Are Survivors Aboard Brazil’s Crashed Jet, Say Authorities

    Brazilian aviation authorities have confirmed that they have credible information that there are survivors aboard ...