Usiminas's iron ore exports increase Q1
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Update time : 2021-05-04 19:20:31
Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas), one of the major steel manufacturers in Brazil, reported that its iron ore output totaled around 1.98 million tons in the first quarter of this year, reducing by 12% compared to the previous quarter and also falling by 8% from the same period a year ago, due to production suspension for equipment maintenance at a mill in Southeast Brazil and increased rainfall.
As for iron ore sales, the volume amounted to approximately 1.95 million tons during the period, a quarter-on-quarter decrease of 14% and a year-on-year increase of 7%. Among them, 1.53 million tons were sold to overseas markets, down by 3% quarter on quarter while rising by 7% year on year.
