Usiminas Reports Decline in Sales and Announces Reduction in Exports to Focus on Domestic Steel Market

Written by Ruth Rodrigues

Published on 29/04/2022 at 17:11

Foto: Usiminas/Divulgação

Be the first to react!

Steel Sales Experienced A Sharp Drop Due To International Conflicts, And Now, Usiminas Announced A Production Plan Focused On Domestic Sales Over The Next Quarter As A Way To Recover From The Issue

After a first quarter that was somewhat below expectations for steel sales, Usiminas recently announced that it will focus its production over the next quarter on the domestic market. By this Friday (04/29), the company intends to reduce the volume of exports to other countries and believes that this may be the best way to reverse the current sales situation.

https://twitter.com/usiminas/status/1516780782894866434

Drop In Usiminas Steel Sales Forces Company To Shift Focus From Alloy Production To Invest In The Domestic Market With A Reduction In Export Volume

The international conflicts that occurred during the first quarter of 2022, primarily related to the war between Ukraine and Russia, ended up affecting the international market in various ways, including steel exports. Thus, Usiminas currently does not see a market so focused on alloy acquisition and intends to change its current strategy to focus on the national territory for product sales.

The company announced that it has experienced a reduction in steel sales to other countries and that, throughout this second quarter, it is expected to continue declining, but focusing on the domestic market may reverse the situation in the coming months. Thus, the company announced a sales forecast of 950,000 to 1.05 million tons of steel in the second quarter, a drop of about 16% compared to the first three months of the year, which had already seen a significant decline from the last quarter of 2021.

ARTICLE CONTINUES BELOW

Company Steel Exports Will See A Reduction In Volume And Production In The Company’s Blast Furnaces Will Be Altered To Focus On Domestic Sales

After not-so-positive projections for the company this quarter and the results from the last period, Usiminas is now changing its sales strategy and will decrease the flow of exports, as there is no demand for steel in the international market. Additionally, its production will also suffer changes, and the company plans to keep blast furnace 2 at the Ipatinga plant (Vale do Aço) idle at least until June, due to delays in the structural works.

This way, Usiminas will continue operating with blast furnaces 1 and 3 in Ipatinga, and blast furnace 3, the largest of the company, is expected to be shut down for 110 days starting in April of next year. This is a strategy aimed at restoring normal production over the long term, as a way to ensure greater stability in the steel market so that the company can resume exports in a more controlled and financially secure manner.

Thus, focusing on the domestic market to supply the construction, mining, and steel industries is the best alternative for Usiminas to control the decline in sales and remain resilient amid the tumultuous moment in the international market.

Usiminas Reports Decline in Sales and Announces Reduction in Exports to Focus on Domestic Steel Market

Steel Sales Experienced A Sharp Drop Due To International Conflicts, And Now, Usiminas Announced A Production Plan Focused On Domestic Sales Over The Next Quarter As A Way To Recover From The Issue

Drop In Usiminas Steel Sales Forces Company To Shift Focus From Alloy Production To Invest In The Domestic Market With A Reduction In Export Volume

Company Steel Exports Will See A Reduction In Volume And Production In The Company’s Blast Furnaces Will Be Altered To Focus On Domestic Sales

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

Scientists have discovered that the Earth recycles its own continents in the depths, dragging pieces of crust down during plate collisions and returning them later as magma, in a mechanism called relamination that has helped build the continents for billions of years.

Turkey is building a billion-dollar shortcut to channel billions of dollars by sea with a 45 km long canal, 275 meters wide and 20.75 meters deep, which promises to relieve the Bosphorus amid the crisis in the Strait of Hormuz.

Brazilians “prospect” rusty Kombis in Brazil for R$ 5,000, spend about R$ 220,000 on each, and send them to the USA, where they exceed R$ 400,000 at auctions.

Couple sells pharmaceutical company, returns to the family’s old farm in Serra da Canastra, and transforms 230 liters of milk per day into sought-after artisanal cheeses, while preserving the house built by the father, decades-old wood, and memories of three generations.

Finland inaugurates the tallest and longest bridge the country has ever had, a cable-stayed structure over the sea designed to become a postcard of Helsinki.

The European hypersonic plane that seemed impossible: 300 passengers, 400 tons, liquid hydrogen, and a speed of 6,100 km/h to cross continents almost always over the ocean.

Brazil wants to change its level and for that it is putting R$ 396 billion on the table in a mega plan with 35 concessions, 23 auctions, 11,300 km of highways, 9,000 km of railways, and a promise to transform national logistics.

Usiminas Reports Decline in Sales and Announces Reduction in Exports to Focus on Domestic Steel Market

Steel Sales Experienced A Sharp Drop Due To International Conflicts, And Now, Usiminas Announced A Production Plan Focused On Domestic Sales Over The Next Quarter As A Way To Recover From The Issue

Drop In Usiminas Steel Sales Forces Company To Shift Focus From Alloy Production To Invest In The Domestic Market With A Reduction In Export Volume

Company Steel Exports Will See A Reduction In Volume And Production In The Company’s Blast Furnaces Will Be Altered To Focus On Domestic Sales

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

Scientists have discovered that the Earth recycles its own continents in the depths, dragging pieces of crust down during plate collisions and returning them later as magma, in a mechanism called relamination that has helped build the continents for billions of years.

Turkey is building a billion-dollar shortcut to channel billions of dollars by sea with a 45 km long canal, 275 meters wide and 20.75 meters deep, which promises to relieve the Bosphorus amid the crisis in the Strait of Hormuz.

Wind turbine blades the size of airplane wings become the new challenge for clean energy: the world could accumulate 43 million tons of this material by 2050 as China, Europe, and the United States rush to prevent green giants from ending up buried in landfills.

End of an era: Samsung abandons TVs and home appliances after losing ground to local rivals; the South Korean giant retreats in the world’s largest industrial market, China, while TCL, Hisense, and other Chinese manufacturers advance with low prices and high scale.

While rural areas in Namibia suffer from invasive bushes that destroy pastures, a project transforms the brush into edible mushrooms and biological blocks, creating housing and income for local communities affected by the housing deficit.

From Waste to Construction: Ground Eggshells Enter Concrete, Reduce Carbon Emissions, Save Cement, and Demonstrate Innovation in Sustainable Materials

While tons of grape pomace are discarded in Brazilian wineries, researchers are transforming grape residues into bricks and adobe that reduce waste, improve thermal insulation, and pave the way for large-scale sustainable construction.

Brazilians “prospect” rusty Kombis in Brazil for R$ 5,000, spend about R$ 220,000 on each, and send them to the USA, where they exceed R$ 400,000 at auctions.

Couple sells pharmaceutical company, returns to the family’s old farm in Serra da Canastra, and transforms 230 liters of milk per day into sought-after artisanal cheeses, while preserving the house built by the father, decades-old wood, and memories of three generations.

Finland inaugurates the tallest and longest bridge the country has ever had, a cable-stayed structure over the sea designed to become a postcard of Helsinki.

The European hypersonic plane that seemed impossible: 300 passengers, 400 tons, liquid hydrogen, and a speed of 6,100 km/h to cross continents almost always over the ocean.

Brazil wants to change its level and for that it is putting R$ 396 billion on the table in a mega plan with 35 concessions, 23 auctions, 11,300 km of highways, 9,000 km of railways, and a promise to transform national logistics.