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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Usinas Siderurgicas de Minas Gerais S.A. - Usiminas    USIM5   BRUSIMACNPA6

USINAS SIDERURGICAS DE MINAS GERAIS S.A. - USIMINAS

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Steelmakers set to hike prices in Brazil, BTG says

10/15/2020 | 05:06pm EST

SAO PAULO, Oct 15 (Reuters) - Steelmakers Usiminas, CSN and ArcelorMittal SA are planning to hike prices of steel for November delivery in Brazil, analysts at investment bank BTG Pactual wrote in a note to clients on Thursday.

"Our channel checks have confirmed that CSN, Usiminas and ArcelorMittal are announcing another flat steel price hike for the distribution chain," analysts Leonardo Correa and Caio Greiner wrote in the note.

"The industry is announcing a 10-12% price hike for November, which places the accumulated steel price hikes at above 40% YTD."

Brazil-listed common shares in CSN, formally Cia Siderurgica Nacional SA, closed up 5.71% on Thursday, while preferred shares in Usiminas, formally Usinas Siderurgicas de Minas Gerais SA, closed up 6.06%.

Brazil's benchmark Bovespa equities index closed down 0.28%.

Usiminas said in a statement to Reuters that it does not comment on pricing policy, while ArcelorMittal and CSN did not immediately respond to a request for comment. (Reporting by Paula Laier in Sao Paulo; Writing and additional reporting by Gram Slattery in Rio de Janeiro; Editing by Sandra Maler)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ARCELORMITTAL -0.13% 15.306 Delayed Quote.-2.22%
COMPANHIA SIDERÚRGICA NACIONAL S.A. 4.53% 24.25 End-of-day quote.71.86%
EURO / BRAZILIAN REAL (EUR/BRL) -0.23% 6.3845 Delayed Quote.41.48%
IBOVESPA 0.32% 110575.47 Delayed Quote.-4.69%
USINAS SIDERURGICAS DE MINAS GERAIS S.A. - USIMINAS 4.04% 13.9 End-of-day quote.46.16%
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Financials
Sales 2020 14 535 M 2 729 M 2 729 M
Net income 2020 -532 M -99,8 M -99,8 M
Net Debt 2020 3 442 M 646 M 646 M
P/E ratio 2020 -31,0x
Yield 2020 0,37%
Capitalization 17 188 M 3 218 M 3 227 M
EV / Sales 2020 1,42x
EV / Sales 2021 1,18x
Nbr of Employees -
Free-Float 39,8%
Chart USINAS SIDERURGICAS DE MINAS GERAIS S.A. - USIMINAS
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Usinas Siderurgicas de Minas Gerais S.A. - Usiminas Technical Analysis Chart | USIM5 | BRUSIMACNPA6 | MarketScreener
Technical analysis trends USINAS SIDERURGICAS DE MINAS GERAIS S.A. - USIMINAS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 11,83 BRL
Last Close Price 13,76 BRL
Spread / Highest target 7,56%
Spread / Average Target -14,1%
Spread / Lowest Target -49,1%
EPS Revisions
Managers
NameTitle
Sérgio Leite de Andrade Chief Executive Officer
Ruy Roberto Hirschheimer Chairman
Alberto Akikazu Ono Vice President-Finance & Investor Relations
Kohei Kimura Vice President-Technology & Quality
Rita Rebelo Horta de Assis Fonseca Director
Sector and Competitors