Brazilian steel demand to remain boosted by construction growth, ArcelorMittal says

Steel demand is expected to remain supported through the end of 2020 in Brazil, with consumption from some sectors - and construction in particular - forecast to grow from 2019 levels, ArcelorMittal's chief financial officer Aditya Mittal said on Thursday November 5.

"We see demand coming back in various sectors. And in some sectors, like construction in Brazil, we see full-year demand actually higher in 2020," Mittal told analysts and investors during the company's third-quarter earnings conference call.
"None of us have a crystal ball, but what we see in our business is reassuring," he added.
ArcelorMittal Brasil, the company's local branch, is the largest long steel producer and one of the top three flat steelmakers in the country.

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