Brazilian flat steel producers apply 20-25% price rise for carmakers

Brazilian steel producers have passed on an increase of 20-25% in flat steel prices to automotive manufacturers in their latest annual contracts, according to Carlos Loureiro, president of national flat steel association Inda.

ArcelorMittal, Usiminas and CSN have all passed on the rises to carmakers, sometimes by as much as 25%. An increase of this size had been expected, and...

Published

Felipe Peroni

January 22, 2019

18:40 GMT

São Paulo