Brazil's Usiminas says could increase steel exports in 2nd-qtr
RIO DE JANEIRO Feb 20 (Reuters) - Brazilian steelmaker Usiminas expects to increase steel exports in the second quarter as a weaker Brazilian currency increases its competitiveness on the international market, a senior executive said on Friday.
"The exchange rate makes our exports more competitive and we expect that if this exchange rate is maintained we could increase our exports... in the second quarter," Sergio Leite, vice-president of sales, said on a conference call with investors.
Leite added that Usinas Siderurgicas de Minas Gerais SA, as the company is formally known, is working with a domestic steel price premium of 10 to 15 percent over international steel prices. (Reporting by Stephen Eisenhammer)
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