STXNEWS LATAM-Sustainability of Brazil steel price hikes under question-BofA

Tue Feb 26, 2013 7:42am EST

Related Topics

Potential price hikes for flat steel products and higher import tariffs could create a positive momentum for Brazilian steelmakers, but such developments are generally priced in, analysts at Bank of America Merrill Lynch led by Thiago Lofiego said on Tuesday. "Although this is a clear positive for flat steel players in Brazil, we question the sustainability and think such hikes might not be fully implemented," Lofiego said in a client note.

Bank of America Merrill Lynch analysts remain cautious on the outlook for the industry in Brazil.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.