Usiminas reported a net loss in the third quarter of 2025

Brazilian steel and iron ore producer Usiminas reported a net loss of 3.503 billion reais ($651.1 million) for 3Q 2025, compared with a net profit of 185 million reais in 3Q 2024.

The company said that, according to accounting rules, its valuation recoverability of assets resulted in an impairment of R$2.2 billion in addition to the R$1.4 billion. related to the possibility of deferred tax recovery.  The Company stated that these figures do not have an impact on cash flow and indicated that excluding this amount, net income would be R$108 million.  Compared to the third quarter of 2025 and the third quarter of 2024, net sales decreased 3 percent to BRL 6.604 billion, production costs decreased 4 percent to BRL 6.157 billion and gross profit increased 8 percent to BRL 446.5 million.  In volume terms, sales of steel products decreased 2 percent to 1.104 million tons, while sales of iron ore increased by 9 percent to 2.503 million tons.  USD = 5.38 BRL (October 24)