Brazilian domestic flat steel prices increased this month after steelmakers applied price increases of up to 17% to most distributors.
The price increase was due to high raw material costs and similarly higher prices for imported steel.Fastmarkets' monthly price assessment for steel hot-rolled coil, domestic, monthly, exw Brazil was at 6,910-7115 Reais ($1,311-1,350) per tonne on Friday May 14, up by 13.50% from 6,113-6,224 Reais per tonne a...