Q1 2026 Usinas Siderurgicas de Minas Gerais SA USIMINAS Earnings Call Transcript
Key Points
- Usinas Siderurgicas de Minas Gerais SA (USNZY) reported a consolidated EBITDA of BRL653 million, marking a 56% growth compared to the previous quarter.
- The company achieved a 5% increase in net steel per ton, driven by a better sales mix and higher efficiency in industrial activities.
- The automotive sector showed significant growth, contributing to a better sales mix and increased revenue per ton.
- Usinas Siderurgicas de Minas Gerais SA (USNZY) maintained a stable net cash position, reflecting a proportional reduction in gross debt and cash levels.
- The company is executing priority projects, such as the PCI plant and retrofitting of the Coke oven, which are expected to enhance operational efficiency and reduce costs.
- Steel sales decreased by 7% compared to the fourth quarter of 2025, due to strategic prioritization of more effective activities.
- The mining sector experienced a significant reduction in sales volume, driven by seasonal rainfall impacting production and logistics.
- The company faces a challenging scenario for the upcoming quarters due to increased natural gas and oil prices, higher inflation, and slower interest rate reductions.
- There is a risk of oversupply at the structural level, with increased imports of steel from Asia and China, potentially impacting domestic market dynamics.
- The company anticipates cost pressures from increased raw material prices, including cokes and coal, as well as higher freight costs affecting mining activities.
Good evening. Welcome to the conference call of Usiminas in which the results of the first quarter of 2026 will be discussed. I'm Leonardo Karam, Investor Relations Officer at Usiminas. (Operator Instructions)
This conference call is being recorded and simultaneously broadcast on the Usiminas YouTube channel.
We would like to remind you that this conference call is intended exclusively for investors and market analysts. We kindly ask you to identify yourself so that your question can be addressed. We also request that any questions from journalists be directed to the media relations team at Usiminas via email, [email protected].
Before proceeding, I would like to clarify that any forward-looking statements that may be made during this conference call regarding the prospects of the company's business as well as projections, operational and financial goals related to its growth potential constitute forecasts based on management's expectations regarding the future of
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