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Usiminas in talks to raise flat steel prices by 5-7%
July 31, 2012 - 18:40 GMT
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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