Brazil's CSN 'planning further price increases in domestic market'

The recent weakening of the Brazilian currency, the Real, and more expensive Chinese steel have made room for further price increases in the South American country’s domestic market, producer Companhia Siderúrgica Nacional (CSN) said on Thursday March 5.

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...

Published

Felipe Peroni

Renato Rostás

March 05, 2020

19:15 GMT

São Paulo