Domestic, imported steel price spread ‘ideal,’ Brazil’s Usiminas says

Brazilian flat steel producer Usiminas estimates that, after recent price increases and including taxes, domestically produced flat steel is sold at a premium of around 10% compared with imported material - a level the company sees as the “ideal” difference between prices of imported and domestically made material.

“[Our price] in the domestic market is currently within Usiminas’ target,” commercial vice-president Miguel Homes said during the steelmaker’s 2020 earnings conference call on Friday February 12.

Brazilian flat steel producers have announced two price increases of...

Published

Felipe Peroni

February 12, 2021

23:22 GMT

São Paulo