Brazilian flat steel producer Usiminas believed there was room for an additional price increase in the country's domestic market because of the current high prices of steel globally, it said on Friday November 27.
The company considered the prices of domestically produced material to be "slightly lower" than the prices of imported steel.
"Considering the current difference [in prices], there are conditions to make another price adjustment, if we think it is [justified]," the company's chief financial officer, Alberto Ono, said.
The company usually pursues a premium of 7-10% over imported material, Ono added.
Flat steel makers in Brazil have been
increasing their prices every month since July, while the rebound in steel consumption after the lows caused by the Covid-19 pandemic outpaced the recovery in production rates.
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