Company Overview

Usinas Siderúrgicas de Minas Gerais S.A., commonly known as Usiminas, is a Brazilian integrated steel producer operating primarily in the steel manufacturing, mining, and capital goods industries. The company focuses on producing flat steel products used mainly in the automotive, capital goods, energy, construction, and consumer goods sectors. Its core revenue drivers are the production and sale of flat steel products, iron ore mining, and steel processing and distribution services.

Founded in 1956 as part of Brazil’s industrialization strategy, Usiminas was established with Japanese technical support to develop a domestic steel industry. Over time, the company expanded vertically into mining and downstream steel solutions, positioning itself as one of Brazil’s leading flat steel producers with a strong emphasis on high-value-added products and long-term relationships with industrial customers.

Business Operations

Usiminas operates through several core business segments, including Steelmaking, Mining, and Steel Solutions and Distribution. The Steelmaking segment encompasses the production of flat steel products such as hot-rolled, cold-rolled, and coated steels, which represent the majority of the company’s revenues. The Mining segment, primarily conducted through Mineração Usiminas S.A., supplies iron ore both internally and to third parties, contributing to cost efficiency and diversification.

Operations are primarily based in Brazil, with major industrial facilities in Minas Gerais and São Paulo. Usiminas controls significant steelmaking assets, logistics infrastructure, and proprietary production technologies. The company also maintains strategic partnerships and equity interests, including participation in Ternium Investments S.à r.l., which is a significant shareholder, and downstream subsidiaries focused on steel processing and distribution.

Strategic Position & Investments

Usiminas’ strategic direction emphasizes operational efficiency, portfolio optimization, and a focus on higher-margin steel products tailored to the automotive and industrial markets. Growth initiatives have included modernization of blast furnaces, cost-reduction programs, and investments in digitalization and process efficiency to improve competitiveness during cyclical downturns in the steel market.

The company has made notable investments in its mining operations to enhance ore quality and logistics reliability, while also maintaining stakes in subsidiaries such as Mineração Usiminas S.A. and Usiminas Mecânica S.A. Usiminas has also explored emerging areas such as low-carbon steel production and environmental efficiency initiatives, aligning with evolving regulatory and customer requirements, though the pace and scale of these initiatives are subject to market conditions.

Geographic Footprint

Usiminas’ operations are concentrated in Brazil, with its corporate headquarters located in Belo Horizonte, Minas Gerais. Major production facilities are situated in Ipatinga (Minas Gerais) and Cubatao (São Paulo), giving the company access to key industrial regions and export logistics infrastructure.

While the majority of revenue is generated domestically, Usiminas has an international commercial presence through exports to Latin America, North America, and Europe. Its mining and steel products reach global markets, providing some geographic revenue diversification, although Brazil remains the dominant operational and financial base.

Leadership & Governance

Usiminas is led by an executive team with deep experience in the steel and industrial sectors, operating under a governance structure consistent with Brazilian public company standards. The leadership emphasizes financial discipline, operational excellence, and long-term value creation, particularly through resilience across steel industry cycles.

Key executives include:

• Marcelo Chara – Chief Executive Officer
• Eduardo Monteiro – Vice President of Finance and Investor Relations
• Sergio Leite de Andrade – Vice President of Institutional Relations
• Paulo de Tarso Vilela – Vice President of Industrial Operations

The company’s governance framework includes an active board of directors with representation from significant shareholders, reflecting a balance between strategic oversight and operational management.