Brazilian domestic flat steel prices rise as demand gradually recovers

Brazilian domestic flat steel prices rose on Friday July 10 after local steelmakers began implementing previously announced price increases amid recovering demand.

Most flat steel prices were heard increasing by around 5%, or half of the hike announced in June, when steelmakers told distributors they would increase prices by 10%.
According to market participants, an additional 5% price rise is already scheduled for early August.

Fastmarkets' latest price assessment for steel hot-rolled coil domestic monthly, exw Brazil was 2,745-2,795...

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