Steelmakers to benefit from Brazilian macroeconomic situation in 2019: Moody's

摘要

Brazil's steelmakers are likely to benefit in 2019 from stability in the country's macroeconomics indicators, automotive sector growth and an improvement in housing starts, according to a report by Moody's Investors Service. The stability of Brazil's macroeconomics indicators will support growth in major steel consuming industries, while a stronger Real will "help ease costs for US dollar-priced raw materials such as iron ore," Moody's said in an 2019 outlook, foreseeing a moderate recovery in demand for steel.