19
Apr
09:22
Usiminas delays decision over Cubatão plant to 2020
Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais (Usiminas) has postponed a decision over the future of its Cubatão plant until 2020, according to ceo Sergio Leite.
Soft steel demand in Brazil means the company is not rushing into restarting operations at Cubatão. The decision will depend on the evolution of the Brazilian economy, Leite said during Usiminas’ first-quarter earnings conference call with analysts monitor…
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Very good overview of the weekly steel market.
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