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Usiminas 2Q26 Earnings Beat Overshadowed by Non-Recurring Gains and Sharp Cost Pressure

Brazilian steelmaker Usiminas (USIM5) reported adjusted Q2 EBITDA above expectations, but investors reacted negatively due to inflation from one-off gains and a 14% jump in cash costs.

By Diane Cole

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Usiminas 2Q26 Earnings Beat Overshadowed by Non-Recurring Gains and Sharp Cost Pressure
Source: HVL / Wikimedia Commons (CC BY 4.0)

Brazilian steelmaker Usiminas (USIM5) reported adjusted Q2 EBITDA above expectations, but investors reacted negatively due to inflation from one-off gains and a 14% jump in cash costs.

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