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Usiminas in talks to raise flat steel prices by 5-7%

July 31, 2012 - 18:40 GMT Location: São Paulo

KEYWORDS: Usiminas , Brazil , flat steel , flat steel prices

Brazilian flat steel producer Usiminas is negotiating with the country’s industrial sector to increase domestic flat steel prices by 5-7% in August or September, commercial vp Sérgio Leite said during a call for analysts on Tuesday July 31.

"We are in talks with non-automotive industries, since we have long-term contracts with the auto sector and we intend to fulfil them," Leite added. The industrial sector accounts for 70% of Usiminas' flat steel sales...

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