Steel demand in Brazil is likely to grow by 2-4% in 2022, with long product prices and margins now at "adequate" levels after adjustments in April, steelmaker Gerdau said on Thursday. May 5.
Announcing the results for the first quarter of 2022, Gustavo Werneck, CEO of Gerdau, said that the premium with which domestic materials are sold in the country compared to imports has become positive.
Formerly it was reported that the world's second largest steel company ArcelorMittal expects global consumption of steel products to decline this year due to Russia's military special operation in Ukraine, which slows down the recovery of the global economy after the pandemic.
