The recent weakening of the Brazilian currency, the Real, and more expensive Chinese steel have made room for further price increases in the South American country's domestic market, producer Companhia Sider??rgica Nacional (CSN) said on Thursday March 5.
Longer-term contracts with carmakers and other industrial clients also required revision, commercial director Luis Martinez said during the company's fourth-quarter earnings conference call.Vehicle manufacturers also agreed on a 5% price rise from CSN for 2020 supplies, according to Martinez. But these would be discussed again with the manufacturers, he...