AT A GLANCE: Brazil's Usiminas increases iron ore sales in Q1 despite pandemic disruptions

A summary of production figures and financial results from Brazilian steelmaker Usiminas for the first quarter of 2020, as stated in its earnings report published on Friday May 22.

In brief The Brazilian economy was already slowing down at the end of the first quarter, with exports to Argentina declining and the steel industry affected by efforts to contain the spread of the Covid-19 virus, Usiminas said. The impact of falling economic activity, however, was not that significant in the quarter, as the company had momentum from 2019 and was showing stronger results across all business units, the company added....

Published

Renato Rostás

May 22, 2020

16:02 GMT

São Paulo

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