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3 results for “Brazilian steel”

Gerdau Unveils R$7.5 Billion Brazil Transformation Plan to Cut Import Reliance and Boost Domestic Steel
PROMarkets• Aug 12

Gerdau Unveils R$7.5 Billion Brazil Transformation Plan to Cut Import Reliance and Boost Domestic Steel

Brazilian steel giant Gerdau announces a R$7.5 billion domestic investment to modernize operations and create a new mining platform.

Usiminas Posts R$761 Million Q2 EBITDA Beat, But Non-Recurring Gains and Q3 Margin Pressure Temper Enthusiasm
PROInvesting• Aug 03

Usiminas Posts R$761 Million Q2 EBITDA Beat, But Non-Recurring Gains and Q3 Margin Pressure Temper Enthusiasm

Brazilian steelmaker Usiminas (USIM5) reported better-than-expected Q2 EBITDA, but analysts warn recurring profitability will fall in Q3 due to rising costs.

Usiminas 2Q26 Earnings Beat Overshadowed by Non-Recurring Gains and Sharp Cost Pressure
PROInvesting• Aug 03

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.