Friday, October 26, 2018

Usiminas focuses on domestic market in Q3; sales volumes, prices up

Usiminas, Brazil’s largest flat steel producer, focused on the domestic market during the third quarter and achieved its highest steel sales volume since the fourth quarter of 2015, its earnings report shows.

Steel shipments rose by 8.96% to 1.11 million tonnes from 1.02 million tonnes a year before, the company reported on Friday October 26. The steelmaker sold 992,000 tonnes to Brazilian customers, up by 12.47% on the same comparison, and exported 115,000 tonnes, a 14.18% decrease year on year. Hot-rolled coil (HRC) sales climbed by 7.02% from a year earlier to 320,000 tonnes in July-September. Meanwhile, cold-rolled coil (CRC) shipments reached 329,000 tonnes, up by 5.79% year on year.