Brazilian steel and iron ore producer Usiminas confirmed its decision to maintain steel prices in the first quarter of 2026 during a conference call with analysts.
Other steel producers are expected to implement price increases starting in January 2026 to offset lower average prices seen throughout 2025. These companies attribute the price decline to increased competition from imported products, especially those from China offered at allegedly dumped prices.
In October 2025, Usiminas raised prices by four percent for sales within its distribution network.
Carlos Loureiro, executive president of INDA (Brazilian Institute of Steel Distributors), recently said at a press conference that the price adjustment in January 2026 is intended to restore prices to January 2025 levels.
