Rising steel prices likely to hit recovery, says ANFIR president

By Jim Gibbins - 1st April 2021

Brazil - The price of steel charged by producers in Brazil in the last 12 months has increased by almost 100%, according to Norberto Fabris, president of ANFIR - National Association of Manufacturers of Road Implements. He said this was likely to compromise the recovery of the CV manufacturing sector as well most other segments of the manufacturing industry using steel.

Fabris said the three largest steelmakers in Brazil - CSN, Gerdau and Usiminas - made further price increases of between 12% and 15% in January 2021 and that in February a further increase of another 15% would apply.

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