AT A GLANCE: Usiminas Q2 steel sales down on Covid-19; iron ore exports up

A summary of production figures and financial results from Brazilian steelmaker Usiminas in the second quarter of 2020, as stated in its earnings report published on Thursday July 30.

In brief

April steel figures were the most badly affected by tumbling demand due to restrictions under the Covid-19 pandemic, and second-quarter domestic sales fell much more sharply than exports on an annual basis. But there has been a gradual recovery since, according to Usiminas. The steel cash cost averaged 2,594 Reais ($503) per tonne in the second quarter,...

Published

Renato Rostás

July 30, 2020

16:53 GMT

São Paulo