October 25, 2019 / 11:26 AM / 19 days ago

Brazil steelmaker Usiminas swings to third-quarter loss

SAO PAULO, Oct 25 (Reuters) - Brazilian steelmaker Usiminas posted a third-quarter net loss on Friday, missing market expectations as iron ore sales volumes declined and costs of goods sold increased.

The swung to a quarterly net loss of 139 million reais ($34.40 million), it said in a securities filing on Friday, from a net profit of 289 million reais a year ago. Analysts on average expected net profit of 54.56 million reais, Refinitiv data shows. ($1 = 4.0403 reais) (Reporting by Gabriela Mello Editing by David Goodman )

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