Fitch Ratings gives Brazilian steel mills a thumbs up for 2008

摘要

Metallurgical coal and iron ore prices may be at historic levels but that shouldn't keep Brazilian steel producers from-maintaining high profit margins in 2008,according to an assessment from Fitch Ratings."Brazilian steel companies enjoy important competitive advantages,including modern production facilities,close proximity to sources of iron ore and a highly concentrated domestic market,which limits competition based upon prices,"Fitch said.