29
Oct
12:14
Economic recovery boosts Usiminas performance, virus risk remains
Brazil’s Usinas Siderúrgicas de Minas Gerais (Usiminas) saw crude and finished steel output increase quarter-on-quarter in Q3, Kallanish notes. Its iron ore business continued to improve due to higher prices resulting from the strong recovery of Chinese demand and limited supply of raw materials.
Q3 performance was supported by the Brazilian economic recovery following the Covid-19 outbreak, the company says in its latest quarterly report.
“Alt…
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Anonymous
Very good overview of the weekly steel market.
Anonymous