Brazil steel market steady rise

After the holidays, Brazil steel mills, traders and end users gradually return to the market, steel prices rose steadily, is expected in late January, the market will be fully restored procurement activities.

Hot market, remain strong. At the beginning of this year, Brazil domestic material prices rose 9% or so, most mills has been the implementation of the new price, but traders and end users are of the view that the price is not completely accepted by the market. At present, Brazil domestic ex factory price rose 5% to 2335 Real / ton, about 726 U.S. dollars / ton, excluding tax.

Steel market, being steady. In mid January, Brazil's domestic steel prices temporarily stabilized, the market purchase light. Due to weak demand, the majority of construction companies and dealers have not yet returned to the market, is expected to begin in late January, the market will resume procurement activities. At present, 10mm thread steel factory price stability in 1622 reais / ton, about 505.22 U.S. dollars / ton, excluding tax.