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22 Jan
08:29

Brazil's steel trade surplus narrows in 2020

Brazilian finished steel imports and exports fell in 2020, Kallanish learns from data issued by local steelmakers’ association Instituto Aço Brasil (IAB). The country, which has the largest trade surplus in Latin America, saw its positive balance shrink in 2020 following the effects of the Covid-19 crisis. In 2020, Brazilian steel exports surpassed entries into the country by nearly 8,715,775 tonnes. This volume was -16.5% down compared to the 10,439,…
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