Usiminas' higher values for its flat steel products will be in effect this Thursday May 5, as previously announced by its commercial vice president Sergio Leite last week.
The hike is part of the initiative of Brazilian steelmakers that have started a new round of higher prices for its flat steel products, although it is still uncertain how much of the desired hike would be absorbed by a depressed consuming market, sources said Tuesday to Platts.
An executive affirmed that "ArcelorMittal implemented the new prices on May 1, followed by CSN on Monday."
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