Usiminas unveils steel sales volume expectations for Q2

Monday, 26 April 2021 19:43:55 (GMT+3)   |   Sao Paulo

Brazilian flats steelmaker Usiminas said late last week it expects steel sales volumes for Q2 to reach between 1.2 and 1.3 million mt. The forecast is in line with total volumes mentioned during the company’s Q1 results.

Usiminas said last week steel sales volumes in Q1 this year totaled 1.25 million mt, a 20 percent year-over-year increase from Q1 2020.

“We are highly satisfied (with the forecast) because we are prepared for the future,” said Sergio Leite, CEO at Usiminas, during a call with analysts.

Americo Ferreira, VP of industries at Usiminas, confirmed Usiminas should resume its No. 2 Ipatinga blast furnace by June this year, as reported by SteelOrbis.

Most Recent Related Articles

CSN swings back to profit in Q1

Usiminas expects steel sales volumes to reach 5 million mt in 2021

Usiminas returns to profit in Q1

Gerdau resuming Araucaria mill by H2 this year

Gerdau to resume Mogi das Cruzes mill by H2, details specialty steel investments