PROSPECTO DEFINITIVO DE DISTRIBUIÇÃO ... - BTG Pactual

MMX – Brazilian ProjectsAmapa – July 06,2006Exportação Inter-Reional de Tarugos para Norte América1,41,2Milhões de tonaladas1,21,00,80,60,40,81,10,70,90,60,6 0,60,90,20,01997 1998 1999 2000 2001 2002 2003 2004 2005N AmericaFornecimentos MMXPor outro lado, as exportações globais inter-regionais sugerem que há oportunidade considerável para fornecimento detarugos inter-regionalmente, como os volumes de tarugos para comercialização planejados pela MMX representamaproximadamente 6 a 7% das exportações globais inter-regionais de tarugos.18.016.0Non-Western HemisphereInter-Regional Billet14.615.2 15.516.414.714.012.413.0 13.012.0MillionTonne10.0s8.07.86.04.02.00.01997 1998 1999 2000 2001 2002 2003 2004 2005Source:ISSBNon-North America and S America MMX ShipmentsAs with finished steel products, semi-finished steel products have experienced upward pricing pressure in recent years.Increased raw material prices as well as other factors have resulted in considerable inter-regional merchant billet pricesincreases in 2004 and 2005. The average inter-regional trade billet price over the 1994 to 2003 period was$186/Tonne. In 2004, billet prices increased to $319/Tonne and in 2005 prices continued to increase to $333/Tonne.424