Brazil’s CSN targets 30% price increase to automakers

Brazilian steel producer CSN is seeking an increase of 30% in annual pricing contracts to automakers.

“We expect an increase of at least 25% [in prices] to the automotive sector, our objective is a 30% price rise,” commercial executive director Luis Fernando Martinez told analysts in a conference call on Tuesday October 31. Brazilian companies are currently negotiating a price increase for annual...

Published

Felipe Peroni

October 31, 2017

22:38 GMT

São Paulo