01
Nov
13:33
Usiminas makes quarterly loss but sees on-year improvements
Brazil’s Usiminas saw its quarterly losses shrink slightly year-on-year even though its steel sales remained well down compared to the third quarter of 2015, Kallanish notes. The steelmaker and iron ore miner says that the economy of its home market is still in recession, although it does see improvement in both the domestic automotive and steel distribution sectors.
In Brazil, indicators point to fact that Q316 had still remained in recession. Despite thi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous