Alacero: China contributing to uncertainty in Latin American steel sector


Source: steelorbis.com steelorbis.com

Key Topics in this News Article:

News Snapshot:

Alacero: China contributing to uncertainty in Latin American steel sector Thursday, 24 September 2020 21:18:22 (GMT+3) | San Diego The world’s main economies are in recession while the trade tensions between the world´s greatest powers may be heading towards a different stage of the economic crisis unleashed by the appearance of COVID-19 pandemic, according to a press release from Alacero Thursday. The fall of commodity prices, the devaluation of the currencies, the United States’ protectionism and the pressure of China’s unfair prices on local production have contributed to increase the uncertainty in the region, Alacero said. In 2019, Chinese exports...