Brazilian Steel
Read MoreSemi-finished steel slabs are loaded onto a Turkish freighter at the Companhia Siderurgica de Tubaro (CST) in Serra, an industrial suburb of Vitoria in Brazil's Espirito Santo state, Tuesday, March 11, 2003. CST makes the slabs and, partly because of efficient transportation logisitics, has earned about 20 percent of the world market share. The company, which began operations in 1983 and was privatized in 1992, also recently inaugurated a "hot strip" mill as well for the domestic market. California Steel Industries is one of the partners along with Brazilian and Japanese investors. 49 percent of their slab exports go to North America while 23 percent go to Europe, 21 percent to Asia and seven percent to South America. With low production costs and huge reserves of iron ore, Brazil replaced Mexico as the number 2 US steel supplier in 2002, after Canada. (Australfoto/Douglas Engle)