21
Apr
09:19
Usiminas turns a profit in first quarter 2017
Brazil`s steelmaker Usinas Siderúrgicas de Minas Gerais (Usiminas) has posted a quarterly profit for the first time in three years, Kallanish learns from the company's first quarter 2017 results statement.
Usiminas reported a net profit of BRL 108 million ($34.4m) in Q1 2017, following a loss of BRL 195m in Q4 2016.
“The favourable balance of the first quarter is the result of intense teamwork focused on the revitalisation of the company…
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Anonymous
Very good overview of the weekly steel market.
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