SAO PAULO – Ford Brasil Ltda. will import steel from the U.S. in the second half of the year in order to offset high steel prices in Brazil. Antonio Maciel Neto, president-Ford South America Operations (FSAO), does not reveal how much steel FSAO plans to import, but he says something needs to be done to bridge the gap between Brazilian prices and what other low-cost producers are paying for the material. “Our competitors, including those who produce in Mexico and Korea, operate on a ...
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