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14 Dec
12:03

Brazil’s steel demand remains relatively positive: Fitch

Brazilian steel demand is cooling while rising interest rates and indebtedness are constraining real estate and construction activities, Fitch Ratings says. Market sentiment, however, remains more positive than the rating agency’s mid-cycle assumptions, “benefiting from protectionist trade measures, government support for infrastructure spending and cost advantages”, Fitch says in a report sent to Kallanish. The rating agency expects local…
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