Brazilian steel market forecasts prices to increase in May: survey

Brazilian steel market participants expect steel prices to rise 8.36 points to 65.62 points in May, according to the Platts Monthly Market Sentiment Survey from S&P Global Energy. The forecast is the highest for finished steel prices since August 2024, according to Platts data. Similarly, the index for steel inventory levels in May rose to 54.16 points from 49.57 points in April. Some 37% ofBrazilian steel market participants expect steel prices to rise 8.36 points to 65.62 points in May, according to the Platts Monthly Market Sentiment Survey from S&P Global Energy. The forecast is the highest for finished steel prices since August 2024, according to Platts data. Similarly, the index for steel inventory levels in May rose to 54.16 points from 49.57 points in April. Some 37% ofRead More