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20 Aug
09:56

Brazil’s steel production decelerates in July, outlook positive

Brazilian steel production remained strong in July, Kallanish notes. Local steelmakers’ association Instituto Aço Brasil (IAB) has revised upward its apparent steel consumption forecast for 2021, supported by the steady market recovery. According to the estimate, Brazil`s ASC should improve by 24% compared to the IAB`s previous outlook to 26.6 million tonnes. “The Brazilian steel sector is producing and supplying more steel to the domestic mark…
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