A Brazilian steelmaker is trying to cut costs and sell more specialized steel by upgrading its plants and leaning on new trade protections that could curb low-priced imports. The big question is whether those benefits arrive fast enough to offset weak local demand and intense global competition that can keep steel prices under pressure.Read more
A Brazilian steelmaker is betting that modernizing its plants and making more of its own key inputs can sharply lower costs and make its business more resilient, even in a tough global market. The bigger question is whether greener steel demand and industry shakeouts can outweigh cheap imports, heavy spending needs, and weak local demand.Read more
Cheap foreign steel and slow-moving trade rules are squeezing Usiminas at home, while the world’s push for cleaner materials and newer substitutes chips away at demand. See why some observers think the company’s costs could keep rising even if it works harder to run more efficiently.Read more
Usinas Siderúrgicas de Minas Gerais S.A. operates in the steel industry and related activities in Brazil and internationally. It operates in two segments, Steel Metallurgy and Mining, and Logistics. The company offers thick plates, hot strips, colled rolled, electrogalvanized, and hot dip galvanized products for the automotive, construction, distribution, energy, oil and gas, and machinery and equipment markets. It is also involved in the extraction and processing of iron ore as pellet feed, sinter feed, and granulated iron ore; steel transformation solutions; operating a distribution center; manufacture and installation of equipment for various industries; and transformation of cold-rolled coils into hot dip galvanized coils. In addition, the company engages in the operation of highway and railway cargo terminals, storage and handling of iron ore and steel products, and road cargo transportation; and rendering of services, rectification of cylinders, and rolling mill rolls. Usinas Siderúrgicas de Minas Gerais S.A. was incorporated in 1956 and is headquartered in Belo Horizonte, Brazil.
