Brazilian flat steel producers have announced another price increase to be imposed on distributors and industrial clients in October, and are also negotiating price rises for annual contracts with carmakers, according to national flat steel association Inda.
A rise of around 5% in the prices of flat steel products sold to distributors and industrial clients has been announced by most producers, Inda president Carlos Loureiro said on Tuesday September 18.If this is confirmed, it will be the fourth price increase so far this year.Metal Bulletin's monthly assessment of the price of Brazilian domestic hot-rolled coil (HRC) was 2,800-2,900 Reais ($673-697) per tonne...