USINAS SIDERURGICAS DE MINAS GERAIS S.A. - USIMINAS

Usinas Siderurgicas de Minas Gerais S.A. - Usiminas

USIM5

BRUSIMACNPA6

Iron & Steel

Market Closed - Sao Paulo Other stock markets 04:07:00 2024-05-07 pm EDT			5-day change	1st Jan Change
8.01 ^BRL	-21.61%		+1.26%	-13.78%

May. 06	Usinas Siderúrgicas de Minas Gerais S.A.(BOVESPA:USIM5) added to Brazil IBRX 50 Index	CI
May. 06	Usinas Siderúrgicas de Minas Gerais S.A.(BOVESPA:USIM3) added to Brazil Small Cap Index	CI

Usinas Siderúrgicas de Minas Gerais S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024

April 23, 2024 at 07:54 am EDT

Usinas Siderúrgicas de Minas Gerais S.A. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net income was BRL 14.38 million compared to BRL 474.13 million a year ago.

Latest news about Usinas Siderurgicas de Minas Gerais S.A. - Usiminas

Usinas Siderúrgicas de Minas Gerais S.A.(BOVESPA:USIM5) added to Brazil IBRX 50 Index	May. 05	CI
Usinas Siderúrgicas de Minas Gerais S.A.(BOVESPA:USIM3) added to Brazil Small Cap Index	May. 05	CI
Brazil sets import quotas, tax for 11 steel products	Apr. 23	RE
Transcript : Usinas Siderúrgicas de Minas Gerais S.A., Q1 2024 Earnings Call, Apr 23, 2024	Apr. 23
Brazil's Usiminas first-quarter profit falls 93%	Apr. 23	RE
Usinas Siderúrgicas de Minas Gerais S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 23	CI
Steelmaker Ternium posts tenfold profit leap on boost from Usiminas volumes	Feb. 20	RE
Transcript : Usinas Siderúrgicas de Minas Gerais S.A., Q4 2023 Earnings Call, Feb 09, 2024	Feb. 09
Usinas Siderúrgicas de Minas Gerais S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 09	CI
Usinas Siderúrgicas de Minas Gerais S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 09	CI
Usinas Siderúrgicas de Minas Gerais S.A.(BOVESPA:USIM5) dropped from Brazil IBRX 50 Index	Dec. 28	CI
Transcript : Usinas Siderúrgicas de Minas Gerais S.A. - Shareholder/Analyst Call	Dec. 07
Ternium posts 77% quarterly income boost as steel shipments jump	23-10-31	RE
Transcript : Usinas Siderúrgicas de Minas Gerais S.A., Q3 2023 Earnings Call, Oct 27, 2023	23-10-27
Usinas Siderúrgicas de Minas Gerais S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-27	CI
Transcript : Usinas Siderúrgicas de Minas Gerais S.A., Q2 2023 Earnings Call, Jul 28, 2023	23-07-28
Usinas Siderúrgicas de Minas Gerais S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-28	CI
Ternium Argentina S.A. (BASE:TXAR, Ternium Investments S.Ã€ R.L. and Confab Industrial S.A. completed the acquisition of 9.771544% stake in Usinas SiderÃºrgicas de Minas Gerais S.A. from Mitsubishi Corporation, Nippon Steel Corporation and Metal One Corporation.	23-07-02	CI
Usinas Siderúrgicas de Minas Gerais S.A.(BOVESPA:USIM3) dropped from Brazil Small Cap Index	23-04-28	CI
Transcript : Usinas SiderÃºrgicas de Minas Gerais S.A., Q1 2023 Earnings Call, Apr 20, 2023	23-04-20
Usinas Siderúrgicas de Minas Gerais S.A. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-20	CI
Usiminas posts Q1 profit beat but sees lower steel sales ahead	23-04-20	RE
Japan's Nippon Steel to cut its stake in Brazilian Usiminas for Ternium	23-03-30	RE
Ternium Argentina S.A. (BASE:TXAR, Ternium Investments S.Ã€ R.L. and Confab Industrial S.A. agreed to acquire a 9.771544% stake in Usinas SiderÃºrgicas de Minas Gerais S.A. from Mitsubishi Corporation, Nippon Steel Corporation and Metal One Corporation for approximately BRL 580 million.	23-03-29	CI
Usinas SiderÂ·rgicas de Minas Gerais S.A. Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-10	CI

Chart Usinas Siderurgicas de Minas Gerais S.A. - Usiminas

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Company Profile

Usinas Siderurgicas de Minas Gerais S.A. - Usiminas is one of the leading Brazilian steel producers. Net sales (including intragoup) break down by activity as follows: - sales of steel products (68.8%): flat, galvanized, hot and cold rolled steel as well as steel bands, sheets, pipes, parts, equipment, and structures for the automotive, naval, electronic industries, etc.; - steel processing (22.5%); - iron ore extraction (8.7%). The group also offers logistics services (storage, handling, cargo transportation, and operation of highway and railway cargo terminals) - other (1.2%). Brazil accounts for 87.1% of net sales.

Sector

Iron & Steel

Calendar

2024-07-25 - Q2 2024 Earnings Release

Related indices

BRAZIL IBOVESPA

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Income Statement Evolution

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Ratings for Usinas Siderurgicas de Minas Gerais S.A. - Usiminas

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

8.04 BRL

Average target price

10.98 BRL

Spread / Average Target

+36.54%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Steel

	1st Jan change	Capi.
USINAS SIDERURGICAS DE MINAS GERAIS S.A. - USIMINAS	-13.78%	1.88B
NUCOR CORPORATION	-1.29%	41.04B
TATA STEEL LIMITED	+17.71%	25.06B
POSCO HOLDINGS INC.	-18.62%	22.56B
ARCELORMITTAL	-6.64%	21.49B
STEEL DYNAMICS, INC.	+12.37%	20.94B
NIPPON STEEL CORPORATION	+7.03%	20.77B
JFE HOLDINGS, INC.	+6.97%	9.69B
UNITED STATES STEEL CORPORATION	-21.62%	8.55B
CLEVELAND-CLIFFS INC.	-15.23%	8.18B

Other Steel

Usinas Siderurgicas de Minas Gerais S.A. - Usiminas

Equities

USIM5

BRUSIMACNPA6

Iron & Steel

Usinas Siderúrgicas de Minas Gerais S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024

EPS Revisions