The Brazilian steel and iron ore producer Usiminas posted a net profit equivalent to $178.589 million for Q1 2026, 596 percent more than in Q4 2025.
The company ascribes positive results to the evolution of its operational and financial results, coupled with the positive impact of exchange rate variations.
Net sales revenues increased by 5 percent to 1.176 billion, the cost of the products sold declined by 9 percent to $1.034 billion, and the gross profit increased by 50 percent to $141million, while the operational profit increased by 179 percent to $74.9 million.
In volume, sales of steel products declined by 7 percent to 1.007 million mt, while iron ore sales declined by 21 percent to 1.946 million mt.
When compared with Q1 2025, net sales revenues declined by 14 percent, production costs declined by 15 percent, the gross profit declined by 8 percent, the operational profit declined by 15 percent and the net profit increased by 166 percent.
USD = BRL 5.22 (February 13)
