Brazil's CSN planning to raise flat steel prices by up to 10% in June after currency devaluation

Brazilian steelmaker Cia Siderurgica Nacional (CSN) plans to increase its flat steel prices to distributors and industrial clients by 7.5-10% by June due to the devaluation of the local currency and higher international prices.

The company announced at the end of March that it would increase flat steel prices by 7.5% in June. At that time, the upswing was driven by an improved domestic market and higher global international prices. "Since the [US] dollar...

Published

Felipe Peroni

May 15, 2018

23:04 GMT

São Paulo