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19 Jun

Brazil’s May steel production drops sequentially, except semis

Brazilian crude steel and finished products output fell month-on-month in May, while semis were higher. The sector also saw its performance decline year-on-year, amid weaker capacity utilisation, Kallanish notes. Local steelmakers’ association Instituto Aço Brasil's (IAB) latest report shows the country’s monthly crude steel output was 2.58 million tonnes, down 5.2% from April and 7.4% less on-year. Five-month production, however, remained …
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