Price increases for the steel supplied to carmakers in Brazil may exceed 20% in 2019 despite the downward price trend in China, the chief financial officer of Brazilian steelmaker Usiminas, Alberto Ono, said on Friday November 23 during an investor meeting.
Steelmakers are discussing next year's contracts with the automotive industry and initially set rises of 25.00-27.50%. Companhia Sider??rgica Nacional (CSN), for example, expects to impose a 27.50% rise."Our commercial department is sure about increases above 20%," Ono said. "We...