Reuters reported that according to investment bank BTG Pactual, major Braizilian steelmakers Usiminas, CSN and ArcelorMittal are planning to hike prices of steel for November delivery in Brazil. BTG Pactual analysts Leonardo Correa and Caio Greiner wrote in a note to clients "Our channel checks have confirmed that CSN, Usiminas and ArcelorMittal are announcing another flat steel price hike for the distribution chain. The industry is announcing a 10-12% price hike for November, which places the accumulated steel price hikes at above 40% YTD."
Source: STEELGURU
|
