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Home > MEPS Steel News - 06.05.2015

BRAZIL STEEL PRICE ROUNDUP FROM MEPS INTERNATIONAL LTD

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 - Developing Markets Steel Review - April issue

Also see: MEPS - Latin America Steel Prices Online

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