Usiminas out of spot market for flat exports

May 13, 2013 | 11:29 AM | Juan Weik

Tags  Usiminas, flat steel, sheet, exports, steel, Brazil, Latin America

SÃO PAULO, Brazil — Brazilian flat steel producer Usinas Siderúrgicas de Minas Gerais SA (Usiminas) has been sitting out of the spot export market for the last few months due to low prices, according to a senior executive.

"We are out of the spot market, which is very weak, and we’ve been focusing instead on direct flat steel exports to some old customers," commercial vice president Sérgio Leite told AMM sister publication Steel First. ....

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