Consumers’ low steel purchases and inventories in Brazil are preventing a wave of end-of-year discounts and supporting the announcement of increases for early 2023, sources said. “I believe prices went down enough for 2022,” said a flat steel distributor source, who already received price hikes announcements for the start of 2023. In the survey of Brazilian producers, distributors, traders, and…
Low steel purchases, inventories limit Brazilian year-end discounts, but 2023 price hikes loom
Consumers’ low steel purchases and inventories in Brazil are preventing a wave of end-of-year discounts and supporting the announcement of increases for early 2023, sources said. “I believe prices went down enough for 2022,” said a flat steel distributor source, who already received price hikes announcements for the start of 2023. In the survey of Brazilian producers, distributors, traders, and…
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