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Brazil's steel industry on a roll

Overview

Brazil’s vast resources of high-quality iron ore and its large pool of inexpensive labour have made it one of the lowest-cost steel producers in the world. Widely voiced concerns about the Brazilian steel industry being undermined by surging Chinese steel production and local currency appreciation have proved unfounded: domestic steel output continues to post double-digit growth. The buoyant local market – driven by automotive and white goods manufacturing, civil construction and...

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