CSN's hot-rolled coil prices will rise by 16%, cold-rolled by 18% and galvanized products by 16.5%, according to two sources who saw letters that the company sent to customers.
The company's average realized prices rose by around 25% in the first quarter versus the preceding three months, and were on course to rise by 22-28% sequentially in the second quarter, Martinez said during the call.
CSN is targeting more spot deals to supply its clients, he said. Contracts that were historically more longer-term – annual and semiannual – tend now to be set quarterly.
"Currently, we have around 70% of our sales tied to the distribution and construction sectors, as well as to industrial clients...