Brazil · Business
Key Facts
—Profit surges Usiminas net earnings hit R$896 million (about US$177 million) in Q1 2026, up 166% year-on-year, signaling a powerful cyclical rebound for the steelmaker.
—Steel division leads The steel unit’s EBITDA jumped 140% over the previous quarter to R$544 million (about US$107 million), driven by higher revenue per ton and lower production costs.
—BlackRock reduces exposure The world’s largest asset manager cut its preferred-share position in Usiminas to roughly 4.86–4.99%, crossing below the 5% disclosure threshold in early July 2026.
