Growth in demand for flat products in 2021

Analytical agency Agora Investtimentos expects demand for flat products to grow by about 10% in 2021, based on this growing demand, Agora predicts sales growth of about 15% this year.

Ágora analysts comment that while they have not seen any additional profit potential, recent rounds of price increases in the domestic market and annual talks with automakers have not yet been reflected in Ushiminas’ margin numbers.

In addition, the company’s iron ore division apparently benefited from high prices in the international market. For these reasons, Agora expected a good performance by Ushiminas this year.

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