Brazilian flat steel producers seek 5-8% price increases in 2020 contracts with automakers

Brazilian flat steel producers are seeking price increases of around 5-8% in 2020 annual contract talks with automakers, according to several market participants.

Automotive producers in Brazil are usually supplied under annual contracts.
"Steelmakers are trying to apply price increases of 5.5-7% to carmakers," Inda president Carlos Loureiro said on Tuesday December 17.

Another market participant said producers were pushing for increases of around 5-8%. "But carmakers...

Gold and silver price ETFs see major net outflows

Gold stocks decline by less than metal price

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop

Gold stocks still up after pullback late in the week