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23 Feb
11:16

Brazilian flats sales recover in January, outlook positive

Flat steel sales and purchases by Brazil’s distributors and service centres rose on-month in January, Kallanish notes. These should remain strong in February, with an estimated growth of 5% month-on-month. Steelmakers in Brazil began the year by reviewing their domestic prices, after facing high imports at the end of last year. “This is not about price increases, but a withdrawal of discounts that were given as a result of strong imported volumes,"…
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