BRAZIL May 06 2015 5:34 PM
BRASILIA (Scrap Register): Brazilian suppliers have held hot rolled coil transaction numbers steady for April business, said MEPS International in a snippet.
However, local stockists are anxious that domestic suppliers will press for price increases in the next trading period.
According to MEPS, hot rolled plate traders plan to persevere with conservative procurement strategies, citing weak shipment volumes to pipe and tube fabricators. Meanwhile, cold rolled prices held relatively stable month-on-month in April.
Challenging business conditions persist in the Brazilian coated coil market. Local traders expressed concerns that their domestic suppliers will seek higher prices in May.
Structural section and merchant bar distributors contend that local products remain overpriced. They fear that foreign supply will intensify if the domestic/import price premium continues to widen.