Q3 2025 Usinas Siderurgicas de Minas Gerais SA USIMINAS Earnings Call (English, Portuguese) Transcript
Key Points
- Usinas Siderurgicas de Minas Gerais SA (USNZY) achieved an adjusted EBITDA of BRL434 million with a margin of 7%, showing growth compared to the previous period.
- The company reported a 3% reduction in COGS per ton in the steel business unit due to its cost reduction plan.
- There was a growth in sales volume in the steel business unit despite increased pressure from imports.
- Strong cash generation exceeded BRL600 million, contributing to reduced leverage.
- The company is advancing with priority CapEx projects, including the PCI plant and coke plant repairs, which are expected to enhance future operational efficiency.
- The domestic industry is negatively impacted by a 33% increase in subsidized imports, particularly from China, affecting the steel market.
- Net revenue was slightly lower at BRL6.6 million due to lower prices in the steel segment.
- Net income did not reflect operational improvements due to a BRL3.6 billion impairment of assets and deferred taxes.
- The company faces challenges from unfair competition and subsidized imports, necessitating anti-dumping measures.
- Mining costs increased due to higher international freight tariffs, impacting the cost per ton.
(inaudidle - spoken in foreign language)
To those who want to follow us in English, a translation of the webcast presentation is available on the Usiminas Investor Relations website.
We also have an interpreter providing simultaneous translation. Please choose the channel on the.
(Operator Instructions)
(inaudible)
With us today is our President Marcelo Chara, the Vice President of Finance and investor relations, Thiago Rodrigues, and our commercial Vice President Miguel Homes.
First, Marcelo will make a few remarks, then Thiago will present the results. Afterwards, the question asked in the Q&A section will be answered. Now I give the floor to Marcelo. Please, Marcelo.
Thank you very much, everyone. Good morning, ladies and gentlemen. It's a pleasure to be here with you to share the results for the third quarter of 2025.
This quarter was marked by important advances in our management with the consolidation of our operational
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