Usiminas
Latest News
Usiminas Puts Replacement BOF on Order
18 May 2021 - Brazil’s Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas) has contracted Danieli Corus to build a replacement converter for its Ipatinga integrated steelworks.
USIMINAS Sets COVID-19 Curtailments
06 April 2020 - Brazilian integrated producer Usinas Siderurgicas de Minas Gerais SA (USIMINAS) is shutting down two blast furnaces and halting other operations due to falling demand.
Danieli Corus Tapped for New Converter at Brazilian Steel Works
07 February 2019 - Brazil’s Usinas Siderúrgicas de Minas Gerais (Usiminas) has contracted Danieli Corus to replace a converter at their Ipatinga integrated steel mill, according to the blast furnace specialist.
Idled Since 2015, Brazilian Blast Furnace Returns to Service
18 April 2018 - Brazil’s Usinas Siderúrgicas de Minas Gerais has restarted an idled blast furnace as it looks to capture benefits from improvements in the economy and steel consumption, the company said Tuesday.
Report: Nippon Steel Looking for Advice on Splitting Brazil's Usiminas
24 August 2016 - Japan’s Nippon Steel & Sumitomo Metal Corp. is looking for help on drafting plans to split Brazil’s Usiminas between itself and Usiminas’ other controlling shareholder, Techint Group, reports the Reuters news service.
Brazil's CSN Looks to Part Ways With Usiminas
13 July 2016 - Brazil’s Cia Siderúrgica Nacional SA said it will sell its stake in rival Usiminas, but only after it minimizes losses on its investment in the business, the company said Wednesday, reports the Reuters news service.
Break-Up of Brazil's Usiminas an Option, Says Executive
06 July 2016 - One way to end the dispute between Brazilian steelmaker Usiminas’ controlling shareholders might be break apart the company, a top executive of one the shareholders said, according to the Reuters news service.
Usiminas' Controlling Shareholders Considering Support for the Ailing Business
19 February 2016 - The joint controlling shareholders of Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA are trying to settle on a way to prop up the ailing business, which is struggling to make it through some of the worst times in Brazil’s steel industry in years.
Usiminas to Temporarily Idle Two Blast Furnaces
29 May 2015 - Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas) informed its shareholders in a press release on 18 May of its plans to temporarily shut down two blast furnaces, the No. 1 at Cubatão Plant and the No. 1 at the Ipatinga plant, from 31 May and 4 June 2015, respectively.
Usiminas Releases 1Q15 Results
29 April 2015 - The main operational and financial indicators were: • Steel sales volume of 1.3 million tons; • Iron ore sales volume of 1.1 million tons; • Consolidated Adjusted EBITDA of R$379.5 million and Adjusted EBITDA Margin of 14%; • Working Capital on 03/31/15 of R$2.7 billion; • Investments of R$232.3 million.
Usiminas Gets New Chairman
07 April 2015 - Usinas Siderurgicas de Minas Gerais SA appointed a new chairman as minority shareholders barged into a fight between Nippon Steel & Sumitomo Metal Corp. and Italy’s Techint Group for control of the Brazilian steelmaker.
Tenaris and Usiminas Work Together on the First Brazilian Ethanol Pipeline
27 September 2013 - Tenaris will supply 145 km of 20-inch pipes, produced from steel plates provided by Usiminas, a Brazilian steel provider, for the second phase of construction of the first Brazilian ethanol pipeline.
