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Usiminas gets OK for distribution network

Keywords: Tags  Usiminas, flat steel, service centers, distributors

SÃO PAULO — Brazil’s competition regulator has approved "with restrictions" the creation of a network of steel distributors and service centers by flat steel producer Usinas Siderúrgicas de Minas Gerais SA (Usiminas).

Under the original proposal, the 19 steel distributors and service centers that were part of the network would buy Usiminas’ products exclusively.

The competition regular, however, said the exclusivity clause could create competition problems and ordered its withdrawal as a condition of its approval.

A version of this story was first published by AMM sister publication Steel First.

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