Usinas Siderúrgicas de Minas Gerais: Steel EBITDA up 31% and costs down 11%, but imports and rates challenge 2025 outlook

Second highest crude steel production since 2015, with 31% EBITDA growth in steel and strong cost reductions. Imports from China and high interest rates pose risks, but 2025 guidance anticipates higher domestic sales, stable mining, and increased CapEx.

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