Usinas Siderurgicas de Minas Gerais SA - Usiminas traded at 6.64 this Tuesday February 3rd, increasing 0.16 or 2.47 percent since the previous trading session. Looking back, over the last four weeks, Usinas Siderurgicas de Minas Gerais - Usiminas gained 7.79 percent. Over the last 12 months, its price rose by 21.17 percent. Looking ahead, we forecast Usinas Siderurgicas de Minas Gerais SA - Usiminas to be priced at 6.14 by the end of this quarter and at 5.68 in one year, according to Trading Economics global macro models projections and analysts expectations.
Usinas Siderurgicas de Minas Gerais SA USIMINAS and its subsidiaries, jointly-controlled companies and affiliates are engaged in steelworks and other related activities. The Company's activities include iron ore extraction, steel transformation, production of capital goods and logistics. It operates through four segments: Steelworks, Mining and Logistics, Steel Transformation and Capital Goods. It manufactures and sells various products and raw materials, such as flat steel, iron ore, stamped steel parts for the automotive industry and products for the civil construction and capital goods industry. It provides technology transfer services in the steel activity, in project management and provision of services in the civil construction area and capital goods industry, road transport of flat steel, hot-dip steel galvanizing, texturing and cylinders chromium. It has over two steel plants in Brazil located in the cities of Ipatinga, State of Minas Gerais, and of Cubatao, State of Sao Paulo.