Brazilian steelmaker CSN is expected to increase prices for some of its products weeks after the government announced new tariffs on imported steel.
The company plans to raise prices for hot-rolled coil (HRC) by 7.5pc starting on 1 July and by 5pc to other products such as cold-rolled coil (CRC), three sources familiar with the matter told Argus, citing information from CSN to some of its clients.
The move comes days after Brazil's government announced the rules for new tariffs on imported steel aimed at protecting domestic producers.
CSN declined to comment.
