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Usinas Siderúrgicas de Minas Gerais S.A. (USIM5.SA)

São Paulo - São Paulo Delayed price. Currency in BRL
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8.53+0.13 (+1.55%)
At close: 05:07PM BRT
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  • Reuters

    UPDATE 2-Steelmaker Ternium posts tenfold profit leap on boost from Usiminas volumes

    Steelmaker Ternium reported fourth-quarter net income of $414 million, a more than tenfold leap compared with the same period in 2022, as volumes jumped thanks to the inclusion of shipments from Brazil's Usiminas, the company said on Tuesday. Steel shipments grew 34% year-over-year to 4.04 million metric tons, Ternium said, backed by the consolidation of Brazilian steelmaker Usiminas, which added an additional 1.0 million tons to the total. Ternium and a subsidiary of affiliate Tenaris boosted their stake in Usiminas to 51.5% last year.

  • Reuters

    UPDATE 1-Usiminas posts Q4 profit of 975 million reais

    Brazilian steelmaker Usiminas on Friday reported a fourth quarter net profit of 975 million reais ($195.58 million)reversing the negative results of the previous three months and a year earlier, according to a securities filing. The result was driven in part by "greater recoverability of tax losses amounting to 495 million reais", about $99 million, according to the statement. The company said in the first quarter it expects steel sales volume and net revenue per ton to be stable compared to the last three months of 2023.

  • Insider Monkey

    Ternium S.A. (NYSE:TX) Q3 2023 Earnings Call Transcript

    Ternium S.A. (NYSE:TX) Q3 2023 Earnings Call Transcript November 1, 2023 Operator: Thank you for standing by. My name is Eric and I will be your conference operator today. At this time, I would now like to welcome everyone to the Ternium Third Quarter 2023 Results Conference Call. All lines have been placed on mute […]