Flat steel prices fall in Brazil following discounts from producers

Brazilian domestic flat steel prices decreased during November, due to steelmakers granting some discounts to distributors in an effort to regain market share while import prices dropped, sources told Fastmarkets MB.

Fastmarkets assessed the price for Brazil domestic hot-rolled coil at 2,600-2,700 Reais ($669-695) per tonne ex-works on December 7, lower than 2,850-2,900 Reais per tonne on November 2. The cold-rolled coil price fell to 2,850-2,920 Reais ($734-752) per tonne, down from 3,100-3,300 Reais a month before. The price for hot-dipped galvanized coil reached 3,250-3,310 Reais ($837-852) per tonne, off from 3,500-3,600 Reais. All assessments virtually nullified increases implemented in September and October. Price...

Published

Renato Rostás

December 07, 2018

18:47 GMT

São Paulo