Brazilian steel and iron ore producer Usiminas has achieved a net profit of BRL 287 million ($60.4 million) in Q2 2023, against BRL 544 million for the previous quarter.
In comparison to the previous quarter, net sales revenues declined by 5.0 percent to BRL 6.997 billion and the EBITDA declined by 53 percent to BRL 366 million.
Under the same comparative basis, steel sales increased in volume by 4.1 percent to 972,000 mt, while iron ore sales increased by 27.4 percent to 2.4 million mt.
Crude steel production at the Ipatinga plant has reached 416,000 mt, 42.0 percent less than in the previous quarter, due to the stoppage for revamping of its Blast Furnace # 3.
The rolled steel production at the Ipatinga and Cubatão mills totaled 988,000 mt, 1.8 percent more than in the previous quarter.
According to the company, 586,000 mt of purchased slabs were processed during Q2 2023, against 489,000 mt during the previous quarter.
USD = BRL 4.75 (July 31)