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Goldman Sachs sees recovery in Brazilian steel demand

Goldman Sachs Group Inc said that investors should buy shares of Usinas Siderurgicas de Minas Gerais SA as Brazilian flat steel makers will benefit from a recovery in domestic demand. Goldman Sachs analysts said that "The steel demand recovery in Brazil will be faster and stronger than in other regions. Usiminas and CSN will positively benefit from this scenario due to high exposure to the domestic market and valuation multiples looking inexpensive compared with emerging market rivals."

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