Brazilian flat steel producer Usiminas has halted exports from its Cubat??o faciliy, in the country's south-eastern S??o Paulo state, due to the high costs of slab, chief executive officer Sergio Leite told analysts on Friday April 20.
"Export operations [from the Cubat??o works] are suspended," he said. "We believe we will remain in this situation for three months."But the Cubat??o plant will continue to reroll slabs to supply the Brazilian domestic market with flat steel products, Leite added.Usiminas supplies its Cubat??o unit with slab acquired from third parties, mostly Companhia Sider??rgica do Pec?(C)m (CSP) and Ternium Brasil, since it halted primary activities in the facility in January 2016."Our...