Klöckner & Co SE (XTRA:KCO) is reportedly looking for a potential buyer for its Brazilian arm. Investment advisory firm Clairfield has been roped in so as to assist in the process. The decision comes after Klöckner developed a plan to focus on business with higher margins, and its Brazilian operation does not fit this profile, said sources familiar with the development. "The steel market [in Brazil] is weak, so it will be difficult to sell," a source said. "The [German] company purchased the Brazilian asset when the market was at its peak," another Brazil-based source said.