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Brazilian Steelmaker Usiminas Flags Risks From Surging Imports, US Tariffs
Summary by Bloomberg
4 Articles
4 Articles
Usiminas Squeezed by Cheap Steel Imports in Q2 2025 While Holding Its Ground
Usiminas, one of Brazil’s top steelmakers, reported a second quarter 2025 net profit of R$128 million—62% less than the prior three months. This fall comes as a flood of cheap steel imports, mostly from China, put heavy pressure on Brazil’s steel industry. Last year, Usiminas had actually lost money in this same period, so the […]
·Brazil
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The company warned about unfair competition from Asian imports and asked the government to take action against dumping
·Bogotá, Colombia
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According to CEO, Marcelo Chara, imports of metal reached 2.3 million tonnes and represented 28% of the consumption, which according to the executive represents "almost one Usiminas"
·Brazil
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Total News Sources4
Leaning Left1Leaning Right1Center0Last UpdatedBias Distribution50% Left, 50% Right
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
50% Right
L 50%
R 50%
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