Brazilian flat steel distributors expect another 10% price rise amid currency moves

Brazilian flat steel producers have fully applied a price increase of around 10% to their domestic markets and a second 10% price increase was being planned for next month.

All flat steel products were already being sold domestically at prices 10% higher than last month, in line with an announcement in February, with the exception of heavy plate, for which the increase was only 5%.

Fastmarkets’ price assessment for steel hot-rolled coil, domestic, monthly, exw Brazil, went up to 2,636-2,655 Reais ($542-546) per tonne on Friday March 13, compared with 2,470-2,610 Reais per tonne...

Published

Felipe Peroni

March 16, 2020

19:48 GMT

São Paulo