26
Apr
13:41
Usiminas reduces net loss in first quarter 2016
In spite of the ongoing domestic economic depression, and a competitive global market, Brazil’s Usiminas reported some positive movement in its results in the first quarter of 2016. The company reduced its net loss by 91% quarter-on-quarter, and showed some other improvements in its operating results, according to the steelmaker’s Q1 16 report monitored by Kallanish.
Following a -3.8% drop in Brazilian GDP in 2015, steel-intensive industrial segments…
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Anonymous
Very good overview of the weekly steel market.
Anonymous