Brazilian domestic flat steel prices stable as market pace slows

Flat steel prices in the Brazilian domestic market remained stable in September, with distributors facing a slow pace of sales and competition from imported material booked several months ago.

Steelmakers were not giving any discounts from their prices despite a lower level of sales, because international prices for steel were still seen to be strong.

Fastmarkets’ monthly price assessment for steel hot-rolled coil, domestic, monthly, exw Brazil, was 7,500-7,800 Reais ($1,430-1,487) per tonne on September 10, unchanged since July.
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Published

Felipe Peroni

September 13, 2021

17:37 GMT

São Paulo