BRAZIL STEEL PRICE ROUNDUP FROM MEPS
Brazilian suppliers have held hot rolled
coil transaction numbers steady for April business, according to MEPS. However,
local stockists are anxious that domestic suppliers will press for price
increases in the next trading period.
Hot rolled plate traders plan to persevere with conservative procurement
strategies, citing weak shipment volumes to pipe and tube fabricators.
Meanwhile, cold rolled prices held relatively stable month-on-month in April.
Challenging business conditions persist in the Brazilian coated coil market.
Local traders expressed concerns that their domestic suppliers will seek higher
prices in May.
Structural section and merchant bar distributors contend that local products
remain overpriced. They fear that foreign supply will intensify if the
domestic/import price premium continues to widen.
Source: MEPS -
Steel Review - April issue
Also see: MEPS - Latin America Steel Prices Online
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