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Steel market sentiments brighten in BRIC region: MEPS

Posted on 01 February 2013

Overall market sentiments in the BRIC (Brazil, Russia, India , China) region has brightened in January but dark clouds still loom in the horizon, according to an assessment by MEPS International.
Stability is expected in Brazil where production is rolled steel is forecasted at 26.2 mn tons, an increase of close to 4% over previous year. Russia steel demand trends aren’t bright- as doubt lingers on growth prospects in long steel and finished steel demand has fallen short of projections. ……………………………………….Full Article: Source


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