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Usiminas Sees Higher Steel Prices In Brazil In Coming Months - Exec
Shares In Brazilian Steelmaker Usiminas Up 1.4% After Company Posts Loss, Announces Debt Refinancing
Usiminas sees steel market improving after weak first quarter - executives
Usinas Siderurgicas de Minas Gerais SA USIMINAS and its subsidiaries, jointly-controlled companies and affiliates are engaged in steelworks and other related activities. The Company's activities include iron ore extraction, steel transformation, production of capital goods and logistics. It operates through four segments: Steelworks, Mining and Logistics, Steel Transformation and Capital Goods. It manufactures and sells various products and raw materials, such as flat steel, iron ore, stamped steel parts for the automotive industry and products for the civil construction and capital goods industry. It provides technology transfer services in the steel activity, in project management and provision of services in the civil construction area and capital goods industry, road transport of flat steel, hot-dip steel galvanizing, texturing and cylinders chromium. It has over two steel plants in Brazil located in the cities of Ipatinga, State of Minas Gerais, and of Cubatao, State of Sao Paulo.
Iron & Steel
Rua Professor Jose Vieira de Mendonca
3011, Engenho Nogueira
Ruy Roberto Hirschheimer
Independent Chairman of the Board
Sergio Leite de Andrade
Chief Executive Officer, Member of the Executive Board
Alberto Akikazu Ono
Vice President - Finance and Investor Relations, Member of the Executive Board
Miguel Angel Homes Camejo
Vice President of Commercial Officer, Member of the Executive Board
Tulio Cesar do Couto Chipoletti
Industrial Vice-President, Member of the Executive Board
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Brazilian steel company Usinas Siderurgicas de Minas Gerais SA posted a first-quarter net loss of 424 million reais, from a net income 76 million reais a year earlier, despite higher revenues.
Brazilian steelmaker Usinas Siderurgicas de Minas Gerais on Friday reported a profit of 830 million reais ($223 million) for 2018, more than double its earnings from a year ago.
Brazil's Usinas Siderurgicas de Minas Gerais posted 830 million reais ($223.21 million) in profit in 2018, more than doubling its earnings from a year ago, the company said in a securities filing on Friday.
Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA (Usiminas) on Friday forecast stable steel prices in the final three months of the year, following a 10 percent rise in the third quarter.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais said in a securities filing on Friday it lost 19 million reais ($5.07 million) in the second quarter, citing a deterioration of economic conditions starting in May after a nationwide truckers strike.
Usinas Siderurgicas de Minas Gerais SA Usiminas:
Usinas Siderúrgicas de Minas Gerais SA, Brazil's largest flat steel producer, said on Friday that new duties on imported steel expected to be adopted by the United States will not have a major impact on it.
Nippon Steel & Sumitomo Metal said on Friday it has agreed new governance rules at Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais (Usiminas) with co-owner Ternium SA in a bid to end their long-standing dispute.
* TERNIUM ANNOUNCES AGREEMENT WITH NSSMC REGARDING GOVERNANCE OF USIMINAS
Brazilian steelmaker Usiminas Siderugicas de Minas Gerais SA is currently discussing a 25 percent steel price hike with automakers and hopes to conclude talks by the end of December, Chief Executive Sergio Leite said on Wednesday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.