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17 Dec
09:23

Brazil`s steel industry 2020 outlook positive says Fitch

Brazilian flat steel consumption will improve in 2020 as the economy strengthens following a larger-than-expected rate cut of 50 basis points and lower inflation, Fitch Ratings says. The ratings agency expects the continued recovery of the local steel industry to generate greater investments by large producers in the short term, it says in its 2020 Global steel outlook monitored by Kallanish. “Tax reforms and political stability could ultimate…
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