Brazil’s CSN to raise flat steel, rebar prices by 7.5-10% in November

Brazilian flat and long steel producer Companhia Siderúrgica Nacional (CSN) will increase its prices in November for flat steel products by 7.5-10%, and for rebar by 10%, because of recovering demand and the high prices of imported material.

“The current premium [the difference between prices of domestically produced and imported material] for hot-rolled coil is a negative 5-10%, which allows us to increase prices,” commercial executive director Luis Fernando Martinez said on Friday October 16.
Brazilian steelmakers usually aim for a 10% premium on domestic prices in comparison with imports, taking into account the expense of freight, duties, taxes and overall costs.

The company will increase by 10% the prices of hot-rolled coil, cold-rolled coil and rebar, while prices of zinc coated coil products will be increased by 7.50%....

Published

Felipe Peroni

October 16, 2020

19:18 GMT

São Paulo