Scrap Metal News / Scrap Metal Prices

Brazilian flat steel producer Usiminas reported a net profit of 676 million Reais ($383 million) in the first half of the year, up almost four times from the 181 million Reais recorded in the same period of 2009

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Other Scrap Metal News and Scrap Metal Prices

1. Brazil imported 1.8 million tonnes of flat steel in H1
2. CSN’s net profits boosted in Q2 on higher iron ore/steel prices, volume
3. Gerdau’s Q1 net profit up significantly year-on-year
4. Usiminas’ net profit fell 58% in ’09 on lower steel prices and sales
5. CSN’s sales volume increased 96% in Q1, net profit up 31%