Brazilian flat steel producer Usiminas expects to reduce its purchases of third-party slab volumes after the resumption of operations at its No1 blast furnace at Ipatinga, in the country's south-eastern Minas Gerais state.
The company plans to increase production of finished steel products at the Ipatinga facility, thus allowing it to reduce flat steel output at its Cubat??o works, which is currently supplied with third-party slabs."Initially, we will reduce slab consumption at Cubat??o," chief executive officer Sergio Leite said...