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20 Jun
11:59

Brazil’s May steel production reaches seven-month high

Brazil's steel output continued rising in May, reaching a seven-month high. The growth was mainly supported by higher output of semi-finished products. Consumption improved sequentially, but the demand remained weaker on-year, Kallanish notes. Local steelmakers’ association Instituto Aço Brasil's (IAB) latest report shows that Brazil’s monthly crude steel output was 2.82 million tonnes, up 1.8% over April but 5.5% less year-on-year. This…
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