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24 Nov

Brazil’s steel output recovers on-month in October

Brazil’s crude steel output increased, while finished products were almost equal month-on-month in October. Volumes however remained weaker versus the same period in 2022, Kallanish notes. Local steelmakers association Instituto Aço Brasil (IAB)’s latest report shows that Brazil’s monthly crude steel output was 2.66 million tonnes, up 3.5% from September but an 8.5% decline year-on-year. Ten-month production was 8.1% weaker on-year at 26.6…
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