Usiminas intends to increase steel price for distributors in June, says president

Usiminas intends to increase steel price for distributors in June, says president

IPATINGA, Minas Gerais (Reuters) - Usiminas Chief Executive Sergio Leite said on Tuesday that the company sees room to raise prices of steel sold to districts.

IPATINGA, Minas Gerais (Reuters) - Usiminas chief executive Sergio Leite said on Tuesday that the company saw room to raise steel prices sold to distributors in June, echoing comments made by rival CSN at the end of the year. last month."The market is very competitive. Prices today are balanced so we do not lose space in the domestic market for imports," Leite told reporters during an event to mark the reactivation of the company's blast furnace 1 at the plant in Ipatinga (MG)."Yes, we have room to raise prices in June. We are able to do it in distribution and we intend to do so," said Leite, without commenting on the level of readjustment that the company may announce mid-year.According to the Executive, the reduction in the projection for Brazil's Gross Domestic Product (GDP) in 2018 in the Central Bank's Focus bulletin is a "warning sign", since the pace of economic growth "is already far below the needs. "Leite stated that with the reactivation of the Ipat...


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