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20 Apr
13:40

Heavy rains impact Mineração Usiminas' first-quarter performance

Mineração Usiminas (Musa), the mining arm of Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais (Usiminas), saw its performance cut in the first quarter. Production and sales fell both over Q4 2021 and year-on-year, mainly due to higher levels of rainfall in the period in Brazil. The adverse weather conditions in Q1 led to an operational stoppage and restricted access to mining areas and the tailings dry stacking plant, which is in the …
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