Brazils 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.