21
Jun
08:32
Higher steel prices push Brazil to import
Brazilian steel imports remained higher than usual in May. Local demand continues to exceed supply, while high domestic prices are driving final consumers to bet on foreign steel products, Kallanish notes. In the current market situation, large steel producers are seeing little room to expand their exports.
According to local steelmakers’ association Instituto Aço Brasil (IAB)’s latest report, May imports grew 54.8% month-on-month to 550,424 ton…
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Anonymous
Very good overview of the weekly steel market.
Anonymous