Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) will increase domestic flat-rolled steel prices by 16-18% in May, following the upward trend in other global markets and in an attempt to offset raw material cost inflation, commercial executive director Luis Martinez announced during the company's first-quarter earnings call on Thursday April 29.
CSN's hot-rolled coil prices will rise by 16%, cold-rolled by 18% and galvanized products by 16.5%, according to two sources who saw letters that the company sent to customers."Currently, we have around 70% of our sales tied to the distribution and construction sectors, as well as to industrial clients...