A source from a distributor in Rio de Janeiro told SteelOrbis that prices of flat rolled steel products in the Brazilian domestic market were reduced by 4 percent, in sales of steel producers to distributors and sales by distributors to their clients.
With the discount, the price of HRC of the basic commercial grades in the domestic market is now BRL3,992/mt, ex-works, full taxes except IPI, considering small to medium sized sales by the distributors to clients.
It is the second time this year that steel producers and distributors have reduced prices, trying to increase sales.
