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Usiminas to hike prices of flat steel products by 10%

Steel News - Published on Fri, 22 Sep 2017

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Usiminas, the Brazilian integrated steelmaker is looking forward to increase the prices of its hot and cold rolled steel sheet and hot-dipped galvanized and electrogalvanized goods of about 10.2%, as per the company.

The company said that "The readjustment occurs in response to the recent appreciation of steel in the international market and aims to balance the values practiced in Brazil and abroad.”

During July of this year, the company has increased about 10.7% in the price of HRC. During August they also made an announcement about the hike in HDG prices of about 10.4%.

Usiminas is also planning to increase prices 13.1% for all its products from September 1, but it was unclear if the increase has gone into effect.

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Posted By : Ratan Singh on Fri, 22 Sep 2017
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