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Usinas Siderurgicas de Minas Gerais SA Usiminas (USIM5.SA)

USIM5.SA on Sao Paulo Stock Exchange

7.23BRL
23 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Usiminas sees steel market improving after weak first quarter - executives
Thursday, 18 Apr 2019 

April 18 (Reuters) - Usinas Siderurgicas de Minas Gerais SA Usiminas ::BRAZIL STEELMAKER USIMINAS SEES COUNTRY'S STEEL MARKET IMPROVING IN THE SECOND QUARTER AFTER WEAK FIRST QUARTER - EXECUTIVE.USIMINAS SAYS BRAZIL STEEL PRICES AROUND 5 PERCENT ABOVE INTERNATIONAL PRICES AFTER DOMESTIC PRICE ADJUSTMENTS INTRODUCED ON APRIL 1 - EXECUTIVE.USIMINAS SAYS COMPANY CONTINUES TO EVALUATE SALE OF STAKE IN MUSA MINING UNIT, DECLINING TO ELABORATE - EXECUTIVE.USIMINAS TO KEEP INVESTMENTS AT AROUND 1 BILLION REAIS PER YEAR IN THE NEXT TWO TO THREE YEARS - EXECUTIVE.USIMINAS EXPECTS AVERAGE PRICE OF STEEL TO GO UP BY 2-3 PERCENT IN THE SECOND QUARTER AGAINST PRICES IN THE FIRST QUARTER - EXECUTIVE.  Full Article

Brazil's Usiminas posts Q3 net income of 289 million reais
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Usinas Siderurgicas de Minas Gerais SA Usiminas ::REPORTS Q3 NET RESULT OF 289 MILLION REAIS.REPORTS Q3 EBITDA OF 686 MILLION REAIS.  Full Article

Brazil steelmaker Gerdau cuts 2019 investment plan amid weak demand

SAO PAULO Brazilian steelmaker Gerdau on Wednesday lowered its estimates for 2019 investment by 18%, due to reduced demand for long steel products, weak construction demand and a fast pace of divestitures.