Gerdau, Usiminas, CSN and ArcelorMittal seeking to boost flat steel prices 5%-8% from 2nd half of Jan., said person with knowledge of plan, declining to be named because decision isn’t public yet. * Steelmakers already informed verbally intention to steel distributors in Brazil, person said * Gerdau said to plan increasing Brazil long steel prices as much as 10% * Steelmakers taking advantage of weaker Brazilian real to recover profit margins with price increases * Gerdau, Usiminas declined to comment on pricing policy * CSN, ArcelorMittal didn’t immediately reply to an e-mail seeking comment.
Source: Bloomberg
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