Gerdau SA (Gerdau), one of Brazil's largest steel producers, has predicted a 6-8% growth in Brazilian steel consumption in the coming 2021 with a V-shaped recovery that will last until the end of Brazil's first quarter.
In a difficult period, although the government has made efforts to increase demand by launching some projects, Brazil still faces structural challenges in the long run.
But the government is expected to accelerate structural reforms to create demand in the long term.
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