24
Nov
08:55
Brazilian flats price drop traps importers with positions
The recent price drops in Brazil have caught out local importers who recently purchased material at higher prices. They are now therefore waiting for a market improvement before realising their sales or only releasing material slowly, Kallanish notes.
According to local steel distributors' association Inda president Carlos Loureiro, a considerable volume of imported steel remains stocked at Brazilian ports. "The port of São Francisco do Sul may hav…
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Anonymous
Very good overview of the weekly steel market.
Anonymous