24
Mar
00:00
Brazil's Usiminas hit by weak demand, iron ore output delays through 2016
Brazil’s largest flat steelmaker Usinas Siderúrgicas de Minas Gerais (Usiminas) is likely to be impacted until end-2016 by poorer domestic demand. Delays in the start of port operations at Porto Sudeste, meanwhile, will continue to limit production at the company's iron ore operation, according to Standard & Poor’s (S&P).
Low iron prices will continue to hamper overall profitability; however, the integration of iron ore into st…
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Anonymous
Very good overview of the weekly steel market.
Anonymous