Brazilian flat steel producers have announced price increases to distributors for late March and early April, as a result of higher international prices and changes to the currency exchange rate for the country's Real, according to local flat steel association Inda.
"Domestically produced flat steel is currently around 7-8% cheaper than imported material," Inda president Carlos Loureiro said on Tuesday March 19.Usiminas has announced a price increase of 10% for hot-rolled coil (HRC), cold-rolled coil (CRC) and heavy plate, and a rise of 15% for zinc-coated products.Meanwhile, ArcelorMittal intends to impose an increase of 12.50% for HRC, 10% for CRC and 8.50% for zinc-coated products.Gerdau has announced a price increase of 10.50% for heavy...