Brazil's Usiminas at 42% capacity amid tough market, CEO says

Brazilian steelmaker Usiminas is currently operating at 42% of its rolling capacity for flat steel, chief executive officer Sergio Leite told reporters on the sidelines of the Brazilian Steel Conference on Wednesday August 21.

Weak market conditions were restricting the throughput at the company’s Cubatão and Ipatinga units, while global trade protectionism was preventing the company from exporting more material, he added. On the other hand, available crude steel capacity usage was at 100% at Ipatinga, in the southeast Brazilian state of Minas Gerais, according to Leite. Usiminas shut down its blast furnaces, sintering...

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Felipe Peroni

Renato Rostás

August 22, 2019

19:07 GMT

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