Due to the effects of weak market demand, falling iron ore price and the vulnerable consolidation of international steel price. In April, Brazilian steel market evolves gently but weakening, turnover is general.
First, the Brazilian sheet prices fell slightly in April, and the end-user expressed that the price fell by 2% to 3% after the bargain with steel mill, traders pointed out that the price of the sheet has been stable since the last price increase, but the transaction basically completed at lower order.
At present, the Brazilian domestic the ex-factory price of hot coil (excluding tax) is 2180-2350 reais/ton, down 3% compared to the end of March, the ex-factory price of cold coil (excluding tax) is 2550-2620 reais/ton, reduced 2.6% compared with the end of March, the ex-factory price of hot galvanized sheet (excluding tax) is 2840-2900 reais/ton, fell 1.4% compared with the end of March.
Second, although steel mills is trying to raise prices at present, the Brazilian screw-thread steel prices is also steady. The ex-factory price of 10mm rebar 1790-1842 reais/ton. Construction companies express that the market is still digesting the first round of price increases, it is difficult to accept the price increase again. In mid-January, prices of Brazilian screw-thread steel rose 12%, central parity (excluding tax) was 1622 reais/ton, after that, the price remained stable.
