Brazilian mills intend to raise prices for rolled steel in March

According to the market news, steel sheet prices in Brazil and elsewhere appear to have continued to rise due to renewed market demand.

The Wuhan pneumonia situation in China did indeed affect the supply of steel sheet, and this prompted some domestic Brazilian factories to decide to increase their prices for March, and now the market is still watching closely whether Wuhan pneumonia will affect the supply of Chinese hot rolled products (HRC )

However, while Brazilian steel mills preferred to raise prices, buyers are still in anticipation mainly because the price would be almost the same as imported ones.