Sao Paulo, Brazil-based Votorantim Participacoes (S.A.) reported improved sales in its steelmaking operations Friday. Votorantim owns and operates four steel mills in Latin America producing rebar, merchant bar and wire rod for the construction market and hot rolled sheet at its Colombia location.
Long steel sales volumes rose 31 percent in Q1 2011, and net revenues, including Usiminas participation, increased 14 percent year-on-year to R$918 million (US$ 574 million).
Consolidated net revenues for all of Votorantim's operating sectors, which include cement, metals, pulp, in addition to steel, amounted to R$5.6 billion (US$3.5 billion)-up 11 percent over Q1 2010.