Additional price increases in the Brazilian flat steel market are possible due to the current low supply, but buyers are already cautious after a series of price gains, national flat steel distributors association Inda said.
"Steelmakers have their order books completely sold out until March, and some until April," Inda president Carlos Loureiro said.Some flat steel producers have announced 10% price increases for February, according to local distributors. Brazilian flat steelmakers have applied a series of price increases to distributors since mid-2020, including a 15% increase in January.
...