Brazilian steelmaker Usiminas is looking to additional markets for flats, as the US is expected to apply AD measures on imports of CRC and HRC from several countries, including Brazil.
In a conference call with analysts, Usiminas said it has the flexibility to look at “additional markets,” in case the US applies duties on imports of flats from Brazil.
The company said the US isn’t a large market for Usiminas in terms of flats. In H1, Usiminas exported an average of 7,000 mt of flats per month to the US and could potentially look to Europe as an option for exports.
“We won’t have problems in looking for other markets for CRC. And when I say other markets I basically mean Europe and Germany, as the region’s main country. Our export volumes [of flats] isn’t worrying us,” said Sergio Leite, the company’s Vice President and commercial director.