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From April 2020 To The First Days Of February, The Value Of Steel That Usiminas Produces Rose By More Than 130%
After more than 100% growth from April to December 2020, Usiminas increased its products by another 15% in January and now in the first two days of February, announced another increase of 15%. In other words, in 32 days of 2021, the price of steel increased by 30% without involving any government or regulatory changes, such as CADE – Administrative Council for Economic Defense.
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Prices And Recovery From The Pandemic:
According to the current Minister of Economy, Paulo Guedes, there will be few companies left, but the prices of products and services will continue to put enormous pressure on inflation.
Guedes also says that the manufacturing industry, which produces the most common consumer goods in the market, is trying to recover from the crisis caused by the pandemic and now has another concern, the rising prices and the shortage of steel.
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With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.
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Brazilian city gains industrial hub for 85 companies that is equivalent to 55 football fields.
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Peugeot and Citroën factory in Argentina cuts production by half and opens a layoff program for more than 2,000 employees after Brazil drastically reduced purchases of Argentine vehicles.
Affecting More Sectors:
The market is so deregulated that there is no prediction for the delivery of products in the coming months. There is also a shortage of products in construction stores, such as steel and iron bars for slab construction, barbed wire, and even nails.
Another sector that has been impacted is the oil industry, which has suffered from rising prices and shortages. There is no delivery forecast. Without investment, some companies have already started laying off employees.
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