Usinas Siderúrgicas de Minas Gerais S.A. (XUSIO)

Profile

https://www.usiminas.com

Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas) is a leading Brazilian manufacturer and seller of flat steel products, founded in 1954 and headquartered in Belo Horizonte. The company specializes in producing a diverse portfolio including ordinary heavy plates, premium Sincron series heavy plates, hot strips, cold-rolled sheets, and galvanized products. These steel solutions serve key industries such as automotive, civil construction, railways, electrical equipment, white goods, offshore platforms, and agricultural and construction machinery. Usiminas operates through distinct segments: Mining and Logistics for iron ore extraction, processing, storage, handling, and transport; Steel Metallurgy for manufacturing and selling steel; Steel Transformation for processing and distribution; and Capital Assets for industrial equipment production. With a production capacity of approximately 9.5 million tons of steel annually, it plays a pivotal role in Brazil's mining and metals sector, primarily supplying the domestic market while exporting to destinations like the United States, Argentina, and Turkey. Employing over 51,000 people, Usiminas remains a cornerstone of Latin America's steel industry.