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20 Jun
13:44

Brazil’s steel sector raises 2024 growth forecast

Brazilian steel production and consumption could improve in 2024, according to the local steelmakers’ association Instituto Aço Brasil's (IAB) latest outlook monitored by Kallanish. Exports are expected to be weaker, while imports should decline. IAB has revised upward its outlook, compared with those announced in November 2023, as a result of the adoption of a new system of tariffs and quotas for steel imports in force since the beginning of June…
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