Brazilian flat steel producers set to increase prices in January

Brazilian flat steel producers have announced price increases to distributors for early January, following a move by Usiminas, sources said.

Gerdau said on Wednesday December 4 that it will increase prices by 7-9.5% effective on January 1, while Companhia Siderúrgica Nacional said it intends to raise prices by 10%.

ArcelorMittal is also planning to increase prices by around 10%, sources told Fastmarkets. The company could not comment on the issue as of...

Published

Felipe Peroni

December 04, 2019

22:21 GMT

São Paulo