Usiminas sees Brazil flat steel prices stable after recent discounts

Prices in the Brazilian flat steel market were expected to stabilize following recent discounts made to distributors, according to steelmaker Usiminas.

Since September, flat steel distributors have been receiving discounts of 7%, according to Usiminas' commercial vice president, Miguel Homes.
"We foresee a stability in prices during the fourth quarter [of 2021]," Homes said on Friday October 29.

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