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15 Feb
08:30

Brazilian steel prices stabilise, except automotive: Fitch

Brazilian domestic steel prices are expected to stabilise, with the exception of those for automotive products, ratings' agency Fitch says in its latest report sent to Kallanish. Since mid-2016 Brazilian steel suppliers have been successful in increasing local steel prices, by more than 15% on average, Fitch explains. Nevertheless, the room for further increases is seen to be diminishing as parity premiums with other regions is calculated at j…
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