Industry News

Brazil's Usiminas faces challenges in 2023

Views : 108
Update time : 2023-12-12 15:08:15
According to Thiago Rodrigues, vice president of finance and investor relations of the Brazilian steelmaker Usiminas, the current year presents important challenges for the company, both externally and internally.

Rodrigues highlighted that the main external problem that Usiminas faces is the invasion of subsidized imported steel in the Brazilian market, urging the government to take necessary measures to face foreign competition and maintain competitiveness in the national market.

On the other hand, the vice president highlighted that the high investments made in the Ipatinga plant, located in Minas Gerais, represented the company's main internal challenge.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices