Usiminas to maintain iron ore output at 8-9 million tpy, CFO says

Brazil’s Usiminas is expecting production from its mining division Mineração Usiminas (Musa) to remain relatively stable in the coming years at 8-9 million tonnes per year of iron ore, chief financial officer Alberto Ono said on Friday November 27.

Musa’s output was 7.39 million tonnes in 2019. It produced 6.49 million tonnes in the first nine months of 2020, 21% more than 5.35 million tonnes in the corresponding period last year.

“We have reached an optimal point of capacity usage versus production costs at 8-9 million tonnes per year,” Ono said during a meeting with investors and...

Published

Renato Rostás

November 27, 2020

16:22 GMT

São Paulo