Sergio Leite, President of Usiminas, Confirmed the Reactivation of Blast Furnace 2 for June This Year, Generating Jobs in Ipatinga, Minas Gerais
In a virtual interview held last week, the president of Usiminas, Sergio Leite, confirmed the reactivation of Blast Furnace 2 for June 1 of this year. The site had been idle since April last year due to the pandemic and has a production capacity of about two thousand tons of pig iron per day. With the reactivation, many jobs will be created in the city of Ipatinga, in the state of Minas Gerais. See also: Usiminas opens a selection process for candidates with no experience from all technical and higher education areas in SP, MG, and more for internship positions 2021
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Production and Job Creation with the Reactivation of Blast Furnace 2
In an interview with the press, the president of Usiminas, Sergio Leite, highlighted that the company has a large investment plan for this year. Usiminas, which jumped from a nearly imminent bankruptcy process to a prominent role in its segment, will invest around R$ 1.5 billion, contributing to job creation in the state of Minas Gerais.
The CEO of Usiminas states that there will be hundreds of projects involving various segments, with the potential to generate thousands of job openings. Sergio also stated that a large portion of these investments will be directed to the Ipatinga Plant in the state of Minas Gerais. He further confirms that they will resume the operation of Blast Furnace 2 on June 1, and asserts that these investments, besides creating job vacancies during their implementation, will also create jobs for operation, starting with the functioning of the equipment.
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With the reactivation of Blast Furnace 2 in the state of Minas Gerais, the president of Usiminas stated that the impact in terms of production will be 60 thousand tons of pig iron monthly and over 60 thousand tons of plates per month, resulting in an increase in production exceeding 700 thousand tons annually.
See Also: Usiminas Announces It Will Invest R$ 1.5 Billion This Year
Usiminas informed, in a statement at the beginning of this year, that it plans to invest around R$ 1.5 billion in 2021 in steelmaking, mining, and processing units, according to the company’s guidance. In the document, the company also highlighted the forecast for steel sales, which is around 1.2 million tons, while iron ore sales are expected to reach 9 million tons.
The company reversed the loss of R$ 424 million recorded in the first quarter of 2020, at the peak of the crisis, and had a net income of R$ 1.2 billion between January and March of this year. The Ebitda (a metric widely used to analyze publicly traded companies) amounted to R$ 2.4 billion, an increase of 325% compared to the same period last year.


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