Expectations for a recovery in Brazilian steel demand this year have been postponed to 2020 since the economy did not grow as previously forecast, national steel institute A??o Brasil said on Thursday December 5.
The institute forecast apparent steel consumption at 21.78 million tonnes next year, a 5.2% increase from the 20.71 million tonnes expected in 2019. This year's outlook was cut from 21.66 million tonnes previously and now anticipates a 2.4% decrease from 21.21 million tonnes in 2018."The construction sector is poised to lead the steel demand recovery...