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28 Nov

Brazil’s steel trade surplus widens in October

Brazil remained a net exporter of steel in October. The country’s trade surplus was almost 680,000 tonnes in the month, widening 136.9% and 16% respectively over September and year-on-year, Kallanish notes. The ten-month trade surplus stands at 5.77 million tonnes, compared with 7.50mt in January-October 2022. The reduction is mainly explained by 54.8% higher imports on-year. According to the local steelmakers’ association Instituto Aço Brasi…
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