In the domestic market, Brazil is expected to rise in price of sheet metal rolling by 5% in the very near future. Local service metal centers received a warning from flat rental manufacturers about increasing selling prices during the next month.
The increase in prices in the market of the Brazil metal distribution is primarily due to the fall of Real Madrid in relation to the US dollar. In the wake of financial uncertainty related to European problems, the US dollar in Brazil reached the level of 2 Real Madrid for 1 dollar - the highest level or more than 15% higher than the February 1.7 of Real Madrid for 1 US dollar over three years.
Import steel to Brazil is practically stopped due to this course of Real Madrid, traders say. Only in the regions of Brazil, such as San Paulo, Minas-Zhirace, Espirita-Santa and Rio de Janeiro, which are still, the import of steel rental is still due to logistics reasons.
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The only country in the world where steel is getting more expensive - Brazil
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Azovpromstal® 20 May 2012 г. 00:01 |
