Impacto da crise subprime na competitividade do setor siderúrgico-metalúrgico listado na BM&FBovespa

Abstract

The importance of the steel-metallurgical sector in the Brazilian economy is significant, it was ranked as the 9th largest producer of steel in the world, which exports to more than 100 countries. With its export policy, the sector was affected by the subprime crisis and, thus, the following question is asked: What is the impact of the subprime crisis on the competitiveness of the Brazilian steel-metallurgical sector listed on the BM&FBovespa? The objective of this study is to analyze the economic- financial behavior of the sector and to identify the level of competitiveness of companies. For this purpose, a data survey was conducted in the Economática® database from 2006 to 2015, economic-financial indices were analyzed and the TOPSIS multicriteria method was applied for classification through Resource Advantage Theory. Thus, it was observed that the steel-metallurgical sector was impacted by the subprime crisis, which negatively affected its indebtedness and profitability. The companies also had the competitiveness affected, being the Mangels with the worse economic-financial performance and Tekno with the best one.