PRICING NOTICE: Proposal to amend Brazilian domestic steel prices

Metal Bulletin proposes to re-align its Brazilian domestic steel prices to reflect market practices, making changes to the calculation of its monthly assessments.

The intention is to exclude local taxes from the prices’ calculation methodology.

Currently, all our domestic flat steel prices in Brazil – Brazil domestic cold rolled coil ex-works Reais per tonne monthly, Brazil domestic hot-dipped galvanized coil ex-works Reais per tonne monthly, and Brazil domestic hot rolled coil ex-works Reais per tonne monthly – include federal taxes (called PIS/COFINS).

Meanwhile, the local rebar price – Brazil domestic rebar delivered Reais per tonne monthly – includes not only PIS/COFINS, but also the ICMS state tax.

The consultation period for these proposed amendments will end one month from the date of this pricing notice, with changes taking place on Thursday January 4.

To provide feedback on the amendments outlined above, or if you would like to provide price information by becoming a data submitter to the Brazilian steel price assessments, please contact Ana Paula Camargo by email at: Please add the subject heading FAO: Ana Paula Camargo, re: Brazilian steel prices.

To see all Metal Bulletin’s pricing methodology and specification documents go to

What to read next
Fastmarkets has corrected its MB-STS-0259 stainless steel scrap 316 solids domestic, delivered merchants UK, £/tonne price assessment, which was published incorrectly on Friday June 14.
Fastmarkets will not publish any price assessments for corn, soybean, Americas vegoils and meals, or US wheat, on Wednesday June 19.
Fastmarkets proposes to amend the name of the MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb to clarify that the price is based on the London Metal Exchange cash aluminium price.
The publication of Fastmarkets’ Vietnamese steel scrap import assessments for Friday June 14 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
In the open consultation, Fastmarkets FOEX did not propose any changes, and there was no feedback received during the process. No material changes were made to the current methodology. A newly dated methodology document has been posted here.
The publication of Fastmarkets’ aluminium scrap and secondary aluminium ingot price assessments for Wednesday June 12 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.