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20 Aug
01:00

Brazilian distributors adjust sales outlook after negative results in July

Following a double digit reduction of sales in Brazil, the country’s National Union of Distributors of Steel Products (Sindisider) has adjusted its outlook for the second half of the year. "The previous forecast involved a -12% decline in sales. Now we expect a -22% fall in the third quarter,” Sindisider president Carlos Loureiro said in a statement seen by Kallanish. Meanwhile, members of Brazil’s National Institute of Steel Distribut…
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