In the wake of the dollar's rise against the real, steel mills have already announced flat steel price increases of around 10% for their customers, which will begin to take effect from the first week of March. Usiminas started, followed promptly by companhia siderúrgica nacional (CSN) and soon after by ArcelorMittal. Gerdau hasn't made the announcement yet, but it should follow the contestants. Steel mills are seeking to recompose their margins, after reporting results last year reflecting a very unheated Brazilian economy.
O Estado de S.Paulo - 23/02/2020
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