Prices held steady, maintaining their highest levels in at least one year in the case of flat-rolled products while no discounts were being offered despite tumbling demand. The long steel sector had some discount reports, although prices were close to their 2020 highs.
Producers of both types of steel raised prices in January
, with an additional rise announced in March
for flat steel ahead of a demand recovery that was expected for 2020.
Fastmarkets’ latest price assessment for steel hot-rolled coil domestic monthly, exw Brazil was 2,636-2,655 Reais ($522-526) per tonne on Friday June 12, stable since March 13 at...