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14 Dec
12:08

Brazil’s steel demand set to grow moderately: Fitch

Brazilian steel consumption should improve in 2024 supported by moderate demand growth mainly from the automotive sector and infrastructure projects linked to the energy transition, Fitch Ratings says. “Light vehicle production will be the main supporter of consumption growth in Brazil with estimated annual growth by over 5% until 2027,” Fitch says in a report sent to Kallanish. “Decreasing interest rates and a lower inflation outlook over …
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