Longer-term contracts with carmakers and other industrial clients also required revision, commercial director Luis Martinez said during the company’s fourth-quarter earnings conference call.
Two 10% rises were implemented for distributors in January and March
, covering all products, while the segment got an additional 7% increase in coated steel prices in February. Construction clients saw prices climb by 10% in January and March as well.
Vehicle manufacturers also agreed on a 5% price rise from CSN for 2020 supplies, according to Martinez. But these would be discussed again with the manufacturers, he...