AT A GLANCE: Usiminas Q3 Ebitda up on higher sales despite greater expenses

October 30, 2021 / www.metalbulletin.com / Article Link

A summary of production figures and financial results from Brazilian steelmaker Usiminas for the third quarter of 2021, as shown in its earnings report published on Friday October 29.

In brief?EUR?Usiminas' strategy of buying third-party steel slab to be rolled at the Cubat??o mill was maintained, with a significant increase in purchases year-on-year in the third quarter to 502,000 tonnes, from 240,000 tonnes, but lower volumes than in the second quarter, when it bought 652,000 tonnes.?EUR?Domestic steel sales volumes grew on an annual basis but were lower quarter on quarter, with the automotive sector in particular demanding less steel and totaling a 30.7%...

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