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Brazil's domestic flat-rolled steel products prices to increase in May

4 May 2021 16:44 reported by Alex Lo

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As global steel and raw material prices remained to increase and Brazil's domestic demand is still strong, it was said that Brazil's domestic flat-rolled steel products price will be increased by 16% to 18% in May.

Companhia Siderúrgica Nacional (CSN) announced to increase its prices by 16-18% on April 29, of which hot-rolled coil (HRC) price will be up by 16%, cold-rolled coil (CRC) will be raised by 18%, and galvalume will be subject to a price increase of 16.5%.

Besides, Usiminas was heard to increase its price by 10% in May, ArcelorMittal planed a price hike of 17%, and Gerdau will raise its prices by 12% and 15% for steel plate and HRC. However, these price adjustments haven't been confirmed by producers.

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