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Oct 25 (Reuters) - Usinas Siderurgicas de Minas Gerais SA Usiminas <USIM5.SA>::BRAZILIAN STEELMAKER USIMINAS WILL RAISE PRICES BY 5% THROUGH YEAR-END, EXECUTIVE SAYS.BRAZIL'S STEELMAKER USIMINAS TO INVEST 1.23 BILLION REAIS IN BLAST FURNACE UPDATE IN IPATINGA- EXECUTIVE.SHARES IN BRAZILIAN STEELMAKER USIMINAS UP 1.4% AFTER COMPANY POSTS LOSS, ANNOUNCES DEBT REFINANCING.
April 18 (Reuters) - Usinas Siderurgicas de Minas Gerais SA Usiminas <USIM5.SA>::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.
Oct 26 (Reuters) - Usinas Siderurgicas de Minas Gerais SA Usiminas <USIM5.SA>::REPORTS Q3 NET RESULT OF 289 MILLION REAIS.REPORTS Q3 EBITDA OF 686 MILLION REAIS.
April 17 (Reuters) - Usinas Siderurgicas de Minas Gerais SA Usiminas <USIM5.SA>::CEO OF BRAZILIAN STEELMAKER USIMINAS SAYS COMPANY WILL NOT EXPORT TO THE U.S. IN 2018.CEO OF BRAZILIAN STEELMAKER USIMINAS SAYS CO EXPECTS HIGHER SALES IN LOCAL MARKET.CEO OF BRAZILIAN STEELMAKER USIMINAS SAYS CO PLANS TO RAISE STEEL PRICES TO LOCAL MARKET IN JUNE.
: Nippon Steel & Sumitomo Metal intends to hold talks on dividing production assets of Brazilian affiliate Usiminas with Ternium - Nikkei .One Proposal Would Give Nippon Steel & Sumitomo Metal, ownership of a Usiminas mill in Ipatinga - Nikkei.
Usinas Siderurgicas de Minas Gerais SA Usiminas:Usinas Siderúrgicas de Minas Gerais SA, upheld on Friday a plan to halt steel production at its Cubatão mill, which will mean dismissal of about 4,000 workers, union leaders said. - RTRS.The STISMMMEC union, which represents steelmakers around Cubatão, said a meeting between workers, prosecutors and the company known as Usiminas did not yield any agreement. - RTRS.According to Florêncio Rezende de Sá, the union's president, the dismissals will take place through March 15. The union says that some 4,000 jobs will be lost. - RTRS.In a statement, Usiminas said that 2,000 jobs directly related to the work at the plant would be cut, without saying how many indirect positions would be lost as part of the decision. - RTRS.The layoff plan presented to workers includes benefits that are in excess of those mandated by the law, the company added - RTRS.Usiminas USIM5.SA, which is closing steel production activities in Cubatão but maintaining rolled-steel operations, has cited weak prices and poor demand in Brazil among the reasons behind the mill's shutdown - RTRS.
Usinas Siderurgicas de Minas Gerais SA Usiminas:Says will temporarily stop operations of primary areas of Cubatao Plant, including sintering, coke ovens, blast furnaces, steel works and activities associated with these areas.Says will stop producing plates, but will keep active its lines of hot and cold rolling and operations at its port terminal.Says heavy plate rolling line will keep being temporarily suspended.
Usinas Siderurgicas de Minas Gerais SA Usiminas:Informs that its controlled company Mineracao Usiminas SA (MUSA) notified MMX Porto Sudeste Ltda of the immediate termination, by MUSA, of the port services contract executed by the parties in February 11, 2011.Such termination by MUSA is based in the reiterated breach, by Porto Sudeste, of its obligation to complete the port and to put it in operation, which should have occurred in April 1 2012, as well as the default of its obligation to pay the contractual penalties in connection with such breach.
Usinas Siderurgicas de Minas Gerais SA Usiminas:Says that it has decided to shut down temporarily blast furnaces no. 1 from Cubatao plant and no.1 from Ipatinga plant, as of May 31 and June 4 respectively.Pig iron production will be reduced to around 120 tons per month.Measure to reduce costs and increase the company's performance against competition in the current market.
Usinas Siderurgicas de Minas Gerais SA Usiminas:Says that the Brazilian markets regulator (CVM) announced that Ternium SA will have to launch a tender offer for all ordinary shares of Usiminas in consequence of the last stake increase of Oct. 014.
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