MUMBAI (Scrap Monster): Major steel companies in India and Brazil have decided to hike the prices of flat steel products for shipments in February, following the price rise in global markets.
The quantum of hikes by Indian steel makers is different as some of them had increased prices several times in January 2011. The hike is also different for HR, CR and HDG.
Brazil’s mills have increased the export quotes of steel flat products by US$100~US$150/ton average in comparison of that in last December.
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