Brazil's major rebar producers announce 8% price hike for September

Brazilian long steel producers have announced an 8% domestic rebar price increase for September after having already raised their prices by around 10% in July, sources told Fastmarkets this week.

So far, only the country's largest two rebar producers, ArcelorMittal Brasil and Gerdau - have given notice of the increase to their customers, Fastmarkets understands. Most sources, however, believe it is only a matter of time until smaller producers, such as Companhia Siderúrgica Nacional (CSN), Simec and Aço Verde do Brasil (AVB) do the same.

ArcelorMittal...

Published

Renato Rostás

July 28, 2020

16:27 GMT

São Paulo