Brazilian flat steel producers have delayed part of a planned price increase in domestic prices, due to strong local competition and transportation problems in May, according to national flat steel association Inda.
"Bookings made in May, at old prices, have been delayed due to transportation problems," Inda president Carlos Loureiro said on Tuesday June 19. Because of this, steelmakers made only small adjustments in May orders that have not been delivered yet," Inda president Carlos Loureiro said on Tuesday June 19. A two-week long strike of truck drivers...