Brazil's domestic flat-rolled steel prices dropped in early June due to weak demand and currency volatility in the country.
Flat-rolled steel producers have been open to negotiate prices, backpedaling on recently announced increases in order to keep volumes flowing during a time of weak economic performance.Fastmarkets' monthly assessment of the Brazilian domestic hot-rolled coil price fell to 2,517-2,565 Reais ($649-661) per tonne ex-works on Friday June 7 from...