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Brazil steel imports, low demand likely setting scenario for price stability: survey

October 17, 2023 Comments Off

Brazilian steel prices are expected to be unchanged in October and for the remainder of 2023, according to 44% of the respondents part of the S&P Global Commodity Insights monthly steel sentiment survey. Brazilian steel market participants envisioned October with low demand and slow business, with mills currently lobbying the government for an increase in import tariffs to as much…