BRASÍLIA: Usinas Siderúrgicas de Minas Gerais SA, Brazil’s largest listed producer of flat steel, posted on Thursday a smaller-than-expected net loss in the second quarter as sales and revenues withstood the impact of a deep recession and rising imports.
Belo Horizonte, Brazil-based Usiminas posted a shortfall of 123 million reais ($38 million) last quarter, compared with average consensus estimate of 280.1 million reais, as compiled by Thomson Reuters.
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