CSN to raise steel prices in May for the fourth time this year

CSN to raise steel prices in May for the fourth time this year

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Brazilian steelmaker Companhia Siderurgica Nacional (CSN) will raise steel prices, effectively in May, for the fourth time this year, a media report from Estadao said this week.

CSN will increase CRC prices in about 18 percent. Zinc-coated, galvalume and pre-coated steel prices will increase another 16.5 percent in May. HRC prices will increase about 16 percent.

The price hikes, the fourth in the year, are due to the appreciated USD over the BRL, and to the increased steel prices in the export market, said Luis Fernando Martinez, commercial vice-president at CSN.

CSN first increased steel prices in about 15 percent in January, then 15 percent in February, and more recently, another 10 percent in April.

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