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29 Oct
08:56

Brazil’s Gerdau anticipates demand growing further

Brazilian steelmaker Gerdau is optimistic steel demand will increase next year, it told analysts during its third-quarter conference call monitored by Kallanish. Gerdau is confident the resumption of long steel consumption in Brazil will be supported by higher activity in the construction sector, mainly in large infrastructure projects, in addition to rising retail purchases. “Steel demand will remain sustainable for longer throughout 2021; our projection i…
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