Companhia Sider??rgica Nacional (CSN) will increase its prices for steel by around 10% in June and other Brazilian flat steel producers are likely to follow its lead, the president of national distributors' association (Inda), Carlos Loureiro, said on Tuesday May 21.
Domestic steel is being sold at a discount in comparison with imports, he added, while cost inflation has been hurting steelmakers' margins over the past few months, making the price change pivotal to the industry."If the remaining steelmakers do not increase prices,...