Brazilian steelmakers' association Instituto A??o Brasil revised its forecast for the country's steel market for the last time this year on Friday November 27, reversing its expectations for a year-on-year sales volumes increase in 2020.
The institute changed its estimates for domestic steel shipments to 18.89 million tonnes this year, 0.5% higher than 18.8 million tonnes last year. This reverses a forecast made on October 1 of 18.22 million tonnes, down by 3.1% from 2019.Market participants in...