Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the Brazil-based company said on Wednesday October 27.
Brazilian steel consumption was likely to rise by 4-6% next year from 2021 levels, chief executive officer Gustavo Werneck said in conference calls to comment on its third-quarter earnings."We remain bullish on 2022 [steel demand in Brazil]," Werneck said. "For flat steel, the outlook is positive, since...