Brazil's CSN to raise steel prices in January, distributors say

SAO PAULO Fri Jan 4, 2013 6:58am EST

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SAO PAULO Jan 4 (Reuters) - Brazilian steelmaker Cia Siderúrgica Nacional SA will raise prices for some products as early as Jan. 15, sources at steel distributors said on Friday.

CSN, as the São Paulo-based company is known, announced a 3.5 percent price hike for hot-rolled coil and galvanized products and a 7.2 percent increase in cold-rolled steel products, said the sources.

They declined to be identified because they are authorized to speak to the press. A CSN spokesman could not immediately be reached by telephone.

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