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Article: Brazil : ArcelorMittal Reducing Steel Discounts In Brazil.
- Article from:
- TendersInfo
- Article date:
- September 30, 2009
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ArcelorMittal (MT) is expected to raise flat steel prices in Brazil by 10% through reducing discounts, the Estado news agency reported Monday.
The information came from Brazil's second-largest independent steel distributor, Frefer.
Brazil's steel distributors account for around 30% of domestic flat steel sales, which are expected to reach 3 million metric tons this year.
ArcelorMittal's move comes after local rivals Companhia Siderurgica Nacional, or CSN (SID), and Usiminas (USIM5.BR) withdrew similar price discounts earlier this month.
According to Frefer's president, Christiano da Cunha Freire, steel distribution has been the target ...