Brazilian flats steelmaker Usiminas confirmed on Wednesday it will raise flat steel prices by 10.2 percent in the beginning of October.
The price hike will be effective on October 5 for HRC, CRC and coated steel products, including HDG and electro-galvanized steel.
“The (price) readjustment follows a recent appreciation of steel (prices) in the international market and aims to balance (steel) prices in Brazil and worldwide,” Usiminas told SteelOrbis on Wednesday.
The most recent reported prices for Brazilian flat products were as follows:
|
Product |
Price |
Conditions |
Date Reported |
|
HRC domestic |
BRL 4,160/mt ($1,329/mt) |
Ex-works, full taxes except IPI |
Sept. 7 |
|
HRC export |
$610/mt |
FOB |
Sept. 19 |
|
CRC domestic |
BRL 3,600/mt ($1,150/mt) |
Ex-works, full taxes except IPI |
Aug. 7 |
|
CRC export |
$540-$550/mt |
FOB |
Aug. 10 |
|
HDG domestic |
BRL 4,400/mt ($1,406/mt) |
Ex-works, full taxes except IPI |
Sept. 14 |
|
HDG export |
$790-$810/mt |
FOB |
Sept. 14 |
USD = BRL 3.13 (September 20)