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Brazilian mills to raise long steel prices for June
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According to report, Brazilian steelmaker Gerdau and ArcelorMittal are said to hike their long steel prices by about 8.5%, effective from June 1st.
Due to the current depreciation of Brazilian currency against the US dollar, the steelmakers may gain some room for price adjustment. And the market participants expect further hike in July.
However, both companies declined to comments.
News Date
6/1/2012 3:48:14 PM
reported by
Judy Lin
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