Usinas Siderurgicas de Minas Gerais SA Usiminas (USIM5.SA)

USIM5.SA on Sao Paulo Stock Exchange

13 Dec 2017
Change (% chg)

R$ -0.19 (-2.14%)
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R$ 8.88
R$ 8.95
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R$ 8.99
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R$ 8.57
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R$ 10.58
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R$ 3.60

Latest Key Developments (Source: Significant Developments)

Nippon Steel & Sumitomo Metal intends to hold talks on dividing production assets of Usiminas with Ternium - Nikkei
Tuesday, 31 May 2016 

: Nippon Steel & Sumitomo Metal intends to hold talks on dividing production assets of Brazilian affiliate Usiminas with Ternium - Nikkei .One Proposal Would Give Nippon Steel & Sumitomo Metal, ownership of a Usiminas mill in Ipatinga - Nikkei.  Full Article

Usinas Siderurgicas de Minas Gerais SA Usiminas sticks with plans to fire 4,000 at mill, union says - Reuters
Friday, 15 Jan 2016 

Usinas Siderurgicas de Minas Gerais SA Usiminas:Usinas Siderúrgicas de Minas Gerais SA, upheld on Friday a plan to halt steel production at its Cubatão mill, which will mean dismissal of about 4,000 workers, union leaders said. - RTRS.The STISMMMEC union, which represents steelmakers around Cubatão, said a meeting between workers, prosecutors and the company known as Usiminas did not yield any agreement. - RTRS.According to Florêncio Rezende de Sá, the union's president, the dismissals will take place through March 15. The union says that some 4,000 jobs will be lost. - RTRS.In a statement, Usiminas said that 2,000 jobs directly related to the work at the plant would be cut, without saying how many indirect positions would be lost as part of the decision. - RTRS.The layoff plan presented to workers includes benefits that are in excess of those mandated by the law, the company added - RTRS.Usiminas USIM5.SA, which is closing steel production activities in Cubatão but maintaining rolled-steel operations, has cited weak prices and poor demand in Brazil among the reasons behind the mill's shutdown - RTRS.  Full Article

Brazil's Usiminas eyes steel price hike for automakers -CEO

SAO PAULO, Nov 22 Brazilian steelmaker Usiminas Siderugicas de Minas Gerais SA is currently discussing a 25 percent steel price hike with automakers and hopes to conclude talks by the end of December, Chief Executive Sergio Leite said on Wednesday.