ArcelorMittal, Gerdau to raise Brazilian HRC prices in July

Brazilian flat steel producers ArcelorMittal and Gerdau will follow Usiminas’s move and increase their domestic prices for hot rolled coil (HRC), according to Carlos Loureiro, president of national flat steel association Inda.

ArcelorMittal will apply an increase of around 10% to its HRC prices, with effect from July 24, while Gerdau will increase its prices by a similar amount on August 1, Loureiro said on Tuesday July 18.

Brazilian steelmaker CSN has not yet informed the...

Published

Felipe Peroni

July 18, 2017

18:58 GMT

São Paulo