• Categories
  • Archives

Brazil’s Metallurgy Giant Usiminas Ships Overseas 33% of Its Production

The Usiminas metallurgy group turned 33% of its 2006 steel plate and sheet production to the foreign market, according to the marketing director for the company, Sérgio Leite.

The main markets served by the company, which is Latin America’s largest metallurgic complex for steel plate production, are the United States, Mexico, Germany, Canada, Thailand, India, Argentina, Spain, Chile and Colombia.

In the Middle East, the company has exported directly to Morocco, Iran and Pakistan. Of the three, only Morocco is an Arab country. "Usiminas/Cosipa follows closely the market opportunities in every region of the world, but our competitive advantages are more evident in the Americas, which can be observed from the share of Nafta and South American countries in our total exports," Leite told ANBA via email.

Nevertheless, he stressed that the company is present in the Arab world in an indirect manner, through Brazilian products that use steel as their raw material, especially pipes for construction of gas and oil pipelines, and vehicles.

For the sake of illustration, the group produced 6.6 million tons of raw steel during the first nine months this year. Overall, according to the Iron and Steel Sector Association (IBS), Brazil produced 22.8 million tons in the period.

The company produced 5.9 million tons of steel plates. Total sales, including domestic and foreign market sales, amounted to 6 million tons up until September, 2 million tons of which were exported, 35% more than during the same period last year.

For next year, the company forecasts an 8% increase in demand for steel plates, mostly due to internal factors – such as high credit volumes in the country, interest rate reduction and stable inflation – which should encourage consumption. Increases are also expected in public and private investments in petroleum, natural gas, mining, highways, and metallurgy itself.

According to the group’s press office, Usiminas invested 365 million reais (US$ 169.2 million) in maintenance, technological updating and environmental protection equipment for its plants up until September this year. Until 2010, the group forecasts investments worth 4 billion reais (US$ 1.8 billion) in its business.

The conglomerate’s business has yielded revenues of 9.1 billion reais (US$ 4.2 billion) from January until September this year, and a net profit of 1.8 billion reais (US$ 834.4 billion). The Usiminas group controls or shares capital in 16 companies in the sectors of metallurgy, logistics, stamping, capital goods, distribution and services. These companies employ 15,000 people.

Among others, Usiminas controls Usina Siderúrgica Intendente Câmara, in the southeastern Brazilian state of Minas Gerais, and Companhia Siderúrgica Paulista (Cosipa).

The group is active in various sectors, such as construction of train wagons, through Usiminas Mecânica, and manufacturing of truck bodies, through Usiparts.

In partnership with the Argentine group Techint, Usiminas also participates in the Ternium group, which controls metallurgy companies in Argentina, Venezuela and Mexico.

These companies employ more than 18,000 people. Established as a state-owned company in the 1950s, Usiminas was privatized in the 1990s.

Anba – www.anba.com.br

Tags:

  • Show Comments (1)

  • Ric

    “Train wagons” doesnÀ‚´t cut it. Try “train cars”.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

In Washington for Summit Lula Once Again Comes in Defense of Iran

Brazilian president Luiz Inácio Lula da Silva, along with 43 other world leaders and ...

Georgia on My Mind

Georgia’s voice combines the softness and vulnerability of Astrud Gilberto, the passion of Elis ...

Under the Gun in Rio

In Rio, anyone can ask around and find a cheap pistol and a handful ...

Illiteracy, Brazil’s Capital Sin

Every country has the obligation to abolish illiteracy. This is even truer for a ...

Brazilian Investors Go Shopping After Recent Stock Market Sell-Off

Latin American stocks were mixed, with Brazilian shares jumping on bargain hunting and tame ...

English for Brazucas 4

What Brazucas call bife is actually uma posta de carne and may be prepared ...

Brazilian Favela Becomes Film and Inspiration

Jeff Zimbalist and Matt Mochary, who directed and produced Voy Pictures’ film debut “Favela ...

In Poor Brazil, Much Money Spent Legally, Is Still an Act of Corruption

We, the 21st-century Brazilians, inherited a great quantity of knots that hobble us in ...

Brazil Widens Its Market in Iran, Egypt and Algeria

Brazil, more than conquering new markets, wants to diversify its exports to countries that ...

Rio: Funking Away in City of God

The funk ball is on in Cidade de Deus tonight. "We’re not going in ...