Usiminas started up its operations in 1962. Since then, it has become one of the largest Brazilian steelmakers, with operations in several segments of the steel value chain, such as mining and logistics, capital goods, service and distribution centers and customized solutions for the industry.
The first company to be privatized as part of the Federal government’s privatization program in 1991, Usiminas undertook a vigorous management and technological modernization process.
The Company continuously seeks to expand the industrial efficiency of its operations and work in an integrated fashion with its customers, aiming to contribute to the development of the Brazilian industrial chain.
In 2015, company figures accounted sales of 4.0 million tons of steel products, net sales of R$ 10.7 billion and net profit of R$ 315 million.
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Usiminas is a publicly-traded company with shares traded on the BM&FBovespa, the Over-the-Counter Market (OTC) and the Madrid Stock Exchange (Latibex). At present, it has around 40 thousand shareholders.
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Other important information about Usiminas:
- It has a complete line of flat rolled steel, which serves varied sectors of Brazilian and worldwide industry;
- It has a nominal production capacity of 9.5 million tons/yr;
- It adheres to advanced corporate governance standards, with a permanent fiscal council and Statutory Auditing and Human Resources Committee;
- Its plants are strategically located in the country’s main industrial axis in Ipatinga, MG and Cubatão, SP, and its sales and distribution force is present in all of Brazil’s regions;
- It possesses a wide services portfolio in the steel transformation segment, capital goods manufacturing and logistics, offering customized solutions to the market.