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Brazil saw both steel production and consumption recover on-month in August, Kallanish notes. The sector’s performance, however, remained weaker on-year. According to local steelmakers’ association Instituto Aço Brasil (IAB), the comparison with the high base of 2021 can lead to misinterpretations regarding the performance of the steel industry in 2022, since the year 2021 was characterised by the strong resumption in demand, replenishment of s…
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