VENEZUELA’S STRUGGLING STEEL SECTOR SEES HOPE POST-CHAVEZ
March 1st, 2013
Venezuela’s steel industry and investors are hoping the country’s Interim President Nicolás Maduro will break with the policies of his late predecessor Hugo Chávez, which have severely buffeted a once largely private and highly profitable sector."The disaster of the industry is a combination of policy and mismanagement," explained analyst Robert Bottome, director of the Caracas-based VenEconomy Publications Group.But with Maduro now in power, and expected to create his own political base by winning a presidential election on April 14, Bottome is hoping he ...
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