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19 Dec
14:26

Brazilian steel production drops in November

Brazil saw both steel production and consumption fall on-month in November, Kallanish notes. The sector’s performance also remained weaker on-year. According to local steelmakers’ association Instituto Aço Brasil (IAB), the fall however comes from a high base in 2021. Last year was characterised by the strong post-Covid resumption in demand, replenishment of stocks, and additional build-up in stocks in some segments due to the acceleration …
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