The Brazilian flat steel market is concerned about a possible increase in domestic prices, although no adjustment has been officially announced, several sources told Metal Bulletin.
"Everyone is scared about an additional price rise [in domestic coils]," a market participant said.A Brazil-based trader agreed, saying that clients are "afraid" that an increase will be applied by national mills."The [flat steel] import market is very slow," he added. "In many products, it does not make sense to import."A third source heard rumors that...