Exports lift Usiminas’ steel sales in first quarter

Apr 29, 2013 | 11:03 AM | Ana Paula Camargo

Tags  Usiminas, steel, iron ore, Mineracao Usiminas, steel sales, steel exports, iron ore expansion, Ana Paula Camargo

SÃO PAULO — Usinas Siderúrgicas de Minas Gerais SA (Usiminas) sold 1.59 million tonnes of steel in the first quarter, up 5.2 percent year on year, the Brazilian steelmaker said.

The increase was led by a 37.2-percent increase in steel product exports to 365,000 tonnes from 266,000 tonnes. However, sales to the domestic market fell 1.6 percent to 1.22 million tonnes from 1.24 million tonnes in the same comparison.....

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