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United States

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

USIM5.SA on Sao Paulo Stock Exchange

8.73BRL
17 Nov 2017
Change (% chg)

R$ 0.13 (+1.51%)
Prev Close
R$ 8.60
Open
R$ 8.69
Day's High
R$ 8.83
Day's Low
R$ 8.51
Volume
15,165,800
Avg. Vol
20,428,008
52-wk High
R$ 10.58
52-wk Low
R$ 3.60

Latest Key Developments (Source: Significant Developments)

Nippon Steel & Sumitomo Metal intends to hold talks on dividing production assets of Usiminas with Ternium - Nikkei
Tuesday, 31 May 2016 01:11pm EDT 

: 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.  Full Article

Usinas Siderurgicas de Minas Gerais SA Usiminas sticks with plans to fire 4,000 at mill, union says - Reuters
Friday, 15 Jan 2016 07:35am EST 

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.  Full Article

Brazil's Usiminas posts unexpected Q2 profit on steel rebound

SAO PAULO, July 28 Usinas Siderúrgicas de Minas Gerais SA, Brazil's largest listed maker of flat steel products, on Friday posted an unexpected second-quarter profit, boosted by higher steel prices and sales volumes, according to a securities filing.