Usinas Siderúrgicas de Minas Gerais S.A. (USNZY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well, good afternoon. Welcome to Usiminas Conference Call, in which we will discuss the results for the fourth quarter and full 2025. I'm Leonardo Karam. I am Director at Usiminas. To those who wish to follow us in English, a free translation of the webcast presentation is available in the Usiminas IR website. We also have an interpreter for simultaneous translation. Please choose the audio channel by clicking on the icon at the bottom of your Zoom screen. All participants are connected in listen-only mode and questions may be submitted in writing through the Zoom Q&A session. An icon on the bottom of your screen, participants listening in English may also submit their questions directly in this section. This conference call is being recorded and simultaneously broadcast on the UNIBI Musemino's YouTube channel. Please note that this conference call is intended exclusively for investors and market analysts. We kindly ask you to identify yourself so that your question can be addressed. We also request that any questions from journalists be directed directly to Usiminas Media Relations at the email imprensa.usiminas.com. Before proceeding, we would like to clarify that any statements made during this conference call regarding the company's business outlook, as well as projections and operational and financial targets regarding its growth potential, Our forward-looking statements based on the management expectations regarding the future of Uzi Minas. These expectations are highly dependent on the performance of the steel industry, the economic situation of the country, and the conditions of international markets, and therefore subject to change. Joining us are CEO Marcelo Chara, the VP of Finance and IR Diego Garcia, and Commercial Vice President Miguel Holmes. Initially...