In recent months, major steelmakers in operations in China have shown a growing interest in high quality iron ore to expand its industrial production without cause as much environmental damage, says the businessman Flavio Maluf.
Chinese steelmakers, which are currently undergoing a period of great prosperity and optimism, have avoided acquiring iron ore that have low metal concentration, which in turn may favor companies such as Brazil’s Vale, and also the Australian BHP Billiton and Rio Tinto, as these are companies that produce high quality ore in the international market.
Flavio Maluf informs us that the ore having a higher concentration can produce a higher amount of each processed steel ton, which therefore increases the production. Moreover, it also reduces pollutant emissions considering the fact that this type of production process requires a much smaller amount of coal.
This preference (adopted by Chinese steel mills for high-grade ore) has caused the ore stocks with low concentrations increase rapidly by the country’s ports. According to the specialized site on the subject, Custeel, the volume of stocks in tons has exceeded one hundred million, the highest number recorded in recent years.
With a degree in Mechanical Engineering from FAAP (Armando Alvares Penteado Foundation), Flavio Maluf also specialized in business administration from New York University, according to LinkedIn. His career in Eucatex Group started in 1987 and during the following years, Flavio worked in different areas of the business such as trade and later in industrial production, which helped him to gain an important knowledge about how various sectors of the company. At that point, he was able to work to thereby provide advantageous and positive results.
After becoming executive board member of the company since 1996, Flavio Maluf was chosen to be the president of Eucatex Group the following year, a position in which he continues to hold today, and that gives him a unique perspective on the auto industry. During these almost twenty years in office he has stood out by promoting a major modernization process across the enterprise, thus playing a key role so that it remains being attractive and competitive in the market, even in times of great competitive rivalry in which the company is currently experiencing.