Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Inventories, Work In Process: R$1,566 Mil (As of Mar. 2026)


BSP:USIM3 Usinas Siderurgicas de Minas Gerais SA BSP:USIM3
60 GF Score
Price R$7.70
GF Value R$5.93
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Usinas Siderurgicas de Minas Gerais Inventories, Work In Process?

Usinas Siderurgicas de Minas Gerais BSP:USIM3 -1.91% 60 Inventories, Work In Process is R$1,566 Mil as of Mar. 2026. GuruFocus rates BSP:USIM3 with a GF Score™ of 60/100 and a GF Value™ of R$5.93 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Usinas Siderurgicas de Minas Gerais's work in process for the quarter that ended in Mar. 2026 was R$1,566 Mil.

Usinas Siderurgicas de Minas Gerais Inventories, Work In Process Historical Data

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The historical data trend for Usinas Siderurgicas de Minas Gerais's Inventories, Work In Process can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Usinas Siderurgicas de Minas Gerais Inventories, Work In Process Chart

Usinas Siderurgicas de Minas Gerais Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventories, Work In Process
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,963.32 2,508.76 2,188.06 2,161.97 1,587.48

Usinas Siderurgicas de Minas Gerais Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventories, Work In Process Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,314.34 2,270.85 1,898.12 1,587.48 1,565.98
BSP:USIM3
60GF Score
Usinas Siderurgicas de Minas Gerais SA BSP:USIM3
Inventories, Work In Process is just one metric. See GF Score™, valuation, warning signs, and more.
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Usinas Siderurgicas de Minas Gerais Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

What does a Inventories, Work In Process of R$1,566 Mil mean?
Usinas Siderurgicas de Minas Gerais (BSP:USIM3) has a Inventories, Work In Process of R$1,566 Mil as of Mar. 2026. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on Usinas Siderurgicas de Minas Gerais and its competitors.
Is Usinas Siderurgicas de Minas Gerais' Inventories, Work In Process too high?
Usinas Siderurgicas de Minas Gerais' current Inventories, Work In Process is R$1,566 Mil. Overall, Usinas Siderurgicas de Minas Gerais has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Usinas Siderurgicas de Minas Gerais' Inventories, Work In Process compare to NUE and STLD?
Usinas Siderurgicas de Minas Gerais' Inventories, Work In Process of R$1,566 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventories, Work In Process for a Steel company?
A good Inventories, Work In Process depends on the Steel industry context. However, Inventories, Work In Process should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventories, Work In Process mean?
A high Inventories, Work In Process can signal that a stock is expensive relative to its fundamentals. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on Usinas Siderurgicas de Minas Gerais and its competitors. Usinas Siderurgicas de Minas Gerais's current Inventories, Work In Process is R$1,566 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usinas Siderurgicas de Minas Gerais stock overvalued right now?
Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais (BSP:USIM3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$5.93, compared to a current price of R$7.70 — trading 29.8% above its estimated fair value. The current Inventories, Work In Process is R$1,566 Mil. Usinas Siderurgicas de Minas Gerais' overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventories, Work In Process calculated?
Inventories, Work In Process is calculated from a company's financial statements. For Usinas Siderurgicas de Minas Gerais (BSP:USIM3), the current Inventories, Work In Process is R$1,566 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Overvalued in 2026?

Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais stock appears to be overvalued. The current stock price of R$7.70 is trading 29.8% above its estimated GF Value™ of R$5.93. GuruFocus considers Usinas Siderurgicas de Minas Gerais to be Modestly Overvalued.

Key valuation signals for BSP:USIM3:

  • Inventories, Work In Process: R$1,566 Mil
  • GF Value™: R$5.93 vs. price of R$7.70 (29.8% above fair value)
  • GF Score™: 60/100 with 5 warning signs

No single metric tells the full story. See the BSP:USIM3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Usinas Siderurgicas de Minas Gerais Business Description

Address Av. do Contorno, 6594, 11th Floor Funcionarios, Belo Horizonte, MG, BRA, 30110-044
Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company engaged in producing and distributing flat steel products. The company's product portfolio comprises ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the export destination markets for the company.
60GF Score

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Inventories, Work In Process is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$7.70
Price
R$5.93
GF Value