Brazil: CSN expects to raise steel product prices by 25% in Q2 CY’20 – reports

Brazilian steelmaker – Companhia Siderurgica Nacional (CSN), is expecting to raise its steel product prices by an average of 25% in the second quarter of CY’20, according to media reports. The company will probably start raising prices for hot and cold laminated products in Mar’21. The company’s sales director, Luis Martinez sees their sales expanding by 12-15% this year with Brazil recovering from last year’s recession caused by COVID-19.