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    USIM5   BRUSIMACNPA6

USINAS SIDER┌RGICAS DE MINAS GERAIS S.A.

(USIM5)
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Steelmakers set to hike prices in Brazil, BTG says

10/15/2020 | 05:06pm EDT

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)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ARCELORMITTAL -1.68% 23.95 Real-time Quote.26.85%
COMPANHIA SIDERÚRGICA NACIONAL 2.73% 41.4 End-of-day quote.29.98%
EURO / BRAZILIAN REAL (EUR/BRL) 0.83% 6.0361 Delayed Quote.-5.65%
IBOVESPA 0.27% 128405.35 Delayed Quote.7.89%
USINAS SIDERÚRGICAS DE MINAS GERAIS S.A. 2.20% 18.1 End-of-day quote.23.89%
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Financials
Sales 2021 30 203 M 5 935 M 5 935 M
Net income 2021 4 963 M 975 M 975 M
Net cash 2021 668 M 131 M 131 M
P/E ratio 2021 4,63x
Yield 2021 4,24%
Capitalization 23 251 M 4 605 M 4 569 M
EV / Sales 2021 0,75x
EV / Sales 2022 0,77x
Nbr of Employees -
Free-Float 43,7%
Chart USINAS SIDER┌RGICAS DE MINAS GERAIS S.A.
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Usinas Sider˙rgicas de Minas Gerais S.A. Technical Analysis Chart | USIM5 | BRUSIMACNPA6 | MarketScreener
Technical analysis trends USINAS SIDER┌RGICAS DE MINAS GERAIS S.A.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 23,86 BRL
Last Close Price 18,10 BRL
Spread / Highest target 76,8%
Spread / Average Target 31,8%
Spread / Lowest Target -47,0%
EPS Revisions
Managers and Directors
NameTitle
SÚrgio Leite de Andrade Chief Executive Officer
Alberto Akikazu Ono Vice President-Finance & Investor Relations
Ruy Roberto Hirschheimer Chairman
Kohei Kimura Vice President-Technology & Quality
Ronald Seckelmann Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
USINAS SIDERÚRGICAS DE MINAS GERAIS S.A.23.89%4 605
ARCELORMITTAL26.85%29 917
NUCOR CORPORATION74.88%27 835
POSCO25.00%22 634
TATA STEEL LIMITED69.58%17 699
NIPPON STEEL CORPORATION37.80%15 282