BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Metals

Truckers strike to cost Brazilian steel industry $1 billion: steel institute

LNG

European LNG chronicles: The Russia question

Metals | Non-Ferrous | Steel

Platts Market Data - Metals

Metals | Steel

15th Annual Steel Markets North America

Metals | Steel

US automakers still pursuing Obama-era fuel economy standards: SMDI

Truckers strike to cost Brazilian steel industry $1 billion: steel institute

Sao Paulo — The two-week truck-drivers' strike across Brazil and the resulting new minimum freight tariff set by the National Land Transport Agency, ANTT, could bring losses of up to Real 4.4 billion ($1.14 billion) to the Brazilian steel industry, according to the steel institute Aco Brasil.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Of this total, Real 1.1 billion would be related to the reduction of the blast furnace capacity utilization due to the lack of inputs and stoppages in rolling mills and steelworks, while roadways were blocked. The other Real 3.3 billion would be related to the minimum freight established during the negotiations with truck drivers, which ended up doubling freight costs to the industry.

Related video: Logistics-related issues bring uncertainties to iron ore, coking coal markets

After several industry complaints, ANTT announced that is reviewing the current freight-rate table and will shortly announce the new adjustments.

The strike began on May 21 in protest at rising diesel prices, with the truckers demanding government action to stop the harm to their incomes.

Because Brazil's economy is heavily reliant on road transport, the strike has disrupted domestic deliveries of steelmaking raw materials to local producers and of finished steel to domestic buyers, while exports and imports were also backing up.

--Priscilla Antunes, priscilla.antunes@spglobal.com
--Edited by Derek Sands, derek.sands@spglobal.com