Brazilian domestic flat steel prices dip on pressure from imports

Prices of flat steel products in Brazil fell in the early days of February, with market participants receiving discounts because of the threat of imported material, Fastmarkets heard on Monday February 4.

Buyers claimed that they could get significant discounts by purchasing large volumes of certain materials, such as batches of more than 10,000 tonnes. Fastmarkets’ monthly assessment of the price of Brazilian domestic hot-rolled coil (HRC) fell to 2,470-2,650 Reais ($674-724) per tonne ex-works on February...

Published

Felipe Peroni

February 04, 2019

19:00 GMT

São Paulo