Brazilian domestic prices for hot-rolled coil (HRC) and hot-dipped galvanized coil (HDG) have increased only marginally in July, with local producers struggling to apply previously announced price increases.
Flat steel companies in the country have been trying to raise prices since early June, but strong competition is getting in the way of the adjustment."The market got messy [and] each client is receiving a different price," a source with a service center said. "Clients can get better prices by negotiating, or buying larger volumes."Metal Bulletin's monthly price assessment for Brazil domestic HRC...