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26 Oct
12:54

Usiminas sees business improve in third quarter

Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais (Usiminas) increased both crude steel and iron ore production year-on-year in the third quarter of 2018. Net revenue and Ebitda also rose during the period, the company says in its latest earnings report monitored by Kallanish. Crude steel output was 845,000 tonnes in Q3, up by 4% on Q2 and 11.2% more y-o-y. Rolled products output reached 1.06 million tonnes, very slightly up on-quart…
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