Brazilian flat steel producers postponed a planned domestic price increase to July with imports into the country becoming less expensive, Carlos Loureiro, president of distributor association Inda, said on Tuesday June 18.
Companhia Sider??rgica Nacional (CSN) had announced a 10% increase for June, which did not materialize, sources told Fastmarkets. Now, the readjustment is looking closer to 8%, which the company - along with Usiminas and ArcelorMittal Tubar??o - intend to apply next month."As Chinese steel prices decline and the Brazilian Real appreciates in comparison with the [United States'] dollar, it's getting increasingly harder for steelmakers to increase domestic prices," Loureiro said.Fastmarkets assessed the hot-rolled coil (HRC) import price in South America at $530-540 per tonne cfr on June...