Gerdau optimistic about Brazilian steel demand in 2021

Brazilian flat and long steel producer Gerdau is optimistic about the country's steel demand in 2021, chief executive officer Gustavo Werneck said on Wednesday October 28.

"We are foreseeing a growth of steel demand somewhere between 6-8% [in 2021] compared with 2020," Werneck said.
Brazilian apparent steel consumption is expected to fall by 4.7% this year, to 20 million tonnes from 20.98 million tonnes in 2019, according to local steel association A??o Brasil.

The positive expectation comes from a strong rebound in...

Gold stocks decline on flat metal and mixed equities

Copper price expected to range from flat to slight gain in 2025

China's gold holdings to central bank reserves still low

China has broad effect on gold market

Gold stocks mixed after previous week's huge gains