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23 Dec
12:14

Brazil steel market demand to decelerate: Fitch

Brazilian domestic steel demand is cooling as the economy strengthens following a strong recovery on government stimulus, the construction and automotive sectors, and restocking in 2021, Fitch Ratings says. The rating agency expects local consumption to decelerate next year, it says in its 2022 global steel outlook monitored by Kallanish. “Growth will face headwinds in 2022 from political instability linked to the presidential elections, high…
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