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SAO PAULO, March 15 (Reuters) - Brazil's Usiminas is looking to increase steel prices for its distributors by nearly 10 percent in a bid by the troubled steelmaker to improve margins, a source familiar with the matter told Reuters on Tuesday.
Usiminas is struggling in the face of a slumping steel market in Brazil which has been exacerbated by a boardroom battle between its controlling shareholders that has hamstrung the company's ability to navigate the slump. (Reporting by Alberto Alerigi, Writing by Stephen Eisenhammer; Editing by Chizu Nomiyama)