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05 Mar
15:47

US tariffs could hurt Brazilian flats market: Moody’s

The Brazilian steel market is expected to see a mixed impact from the announced US import tariffs for steel products, according to rating agency Moody’s. The US is Brazil’s largest overseas market, but most exports there are semi-finished products which over time will be re-directed to the recovering domestic market. During 2017, Brazilian shipments to the US reached 4,665,428 tonnes, or 706,066t higher y-o-y (+17.8%). In January alone, the US import…
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