Brazilian steelmaker Usiminas has increased its flat steel prices for the domestic distribution chain by 13%, sources told Metal Bulletin this week.
The adjustment, valid for hot-rolled coil (HRC), cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG), comes into effect on January 29, the market participants added."The reasons behind Usiminas's price increase are similar to the ones that led [Brazilian...