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Brazil’s steel production and consumption fell sequentially in April, Kallanish notes. According to local steelmakers’ association Instituto Aço Brasil (IAB)’s latest report, Brazil’s April crude steel output was 2.92 million tonnes. This was 2.2% less over March and down 3.8% y-o-y. Four-month production was 1.5% lower on-year at 11.5mt. April rolled products output dropped 5.2% and 9.6% respectively on-month and on-year at 2.03mt.…
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