Brazil: ArcelorMittal, Usiminas to raise flat steel prices by 10-12% for Nov’20

Steelmakers Usiminas, CSN and ArcelorMittal SA are planning to hike steel prices for Nov’20 delivery in Brazil, as analysts at investment bank BTG Pactual have revealed to the media. The two major steel-makers are about to announce another flat steel price hike which is in the range of 10-12% for Nov’20. The cumulative year-to-date price hike is an astonishing 40%.