According to the chief economist of Brazilian bank Bradesco, Brazilian steel makers may lower steel prices in 2013 on government's decision of tax reduction on the electricity.

It will be a very important that steelmaker like Gerdau may lower costs of production, as well as benefit to all the supply chain. And announcement may happen in early 2013.

It is also expected that the Brazilian industrial production will be no more growth by the end of 2012 and steel production growth will be only about 1% or 2%. Those may also lead to lower prices.

Source - www.yieh.com)

(www.steelguru.com)