Usiminas negotiates 20% steel prices increase to industrial clients

Brazilian steel and iron ore producer Usiminas is trying to apply a 20% increase in prices for its flat steel products to industrial clients, chief executive officer Sérgio Leite said on Friday February 9.

The move follows an increase of around 20% in annual price contracts with carmakers. “We concluded negotiations in late December with carmakers, regarding our pricing contracts in 2018, and we implemented price increases of around 20%,” Leite told analysts during a conference call with analysts on Friday. “We are negotiating with industrial clients [an increase] similar to the one made to the automotive industry,...

Published

Felipe Peroni

February 09, 2018

18:58 GMT

São Paulo