Brazil buyers have many choices of steel suppliers all over the world because Brazil is one of the most potential steel market up until now.
In particular, Brazilian civil construction activity grew in August, rose to 49.2 points, compared to 47.8 points in August 2018, which is the benefit to both domestic distributors and global suppliers.
However, Brazilian flat steelmakers have recently announced to domestic distributors an 10% increase in their prices for early October. “By October 7, all flat steel producers should start applying new prices”, according to India president Carlos Loureiro on Tuesday September 24. There are two main reasons of this case. First is the reduced competition from imported material. Second is the removing discounts that have been granted to domestic buyers.
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