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22 May
07:18

Votorantim's long steel performance falls in first quarter

Brazil’s Votorantim saw consolidated sales volumes and net revenue from long steel production both fall year-on-year in the first quarter of 2020, Kallanish learns from the company's operating results. “We had a negative performance in Argentina where net revenue fell -10% y-o-y in Q1. This was mainly due to lower sales volumes and the devaluation of the Argentine peso compared to the Brazilian real and partially offset by higher prices,&…
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