February 1, 2011
Driven by rising steel prices in global market, Brazil’s ArcelorMittal and Usinas Siderurgicas De Minas Gerais S.A. (USIMINAS) have announced to lift export quotes of steel flat products.
It’s known that Brazil’s mills have increased the export quotes of steel flat products by US$100~US$150/ton averagely in comparison of that in last December.
However, Brazil’s major steel mills still offered the products to local market mainly; moreover, Companhia Siderúrgica Nacional (CSN) has no plan to offer products to overseas market due to the tight supply in Brazil’s domestic market.
News Source www.yieh.com
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