Brazil's domestic hot-rolled coil prices have declined in October, with some producers heard giving discounts amid pressure from distributors and clients, although the movement was not yet widespread in the market.
Two steel producers were offering material above the market average but are now granting discounts due to the difficult market, sources told Fastmarkets.The corresponding assessment for steel cold-rolled coil, domestic, monthly, exw Brazil, dropped to 7,915-8,510 Reais per tonne from 8,510-8,620 Reais per tonne in the same...