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Usiminas Posts R$761 Million Q2 EBITDA Beat, But Non-Recurring Gains and Q3 Margin Pressure Temper Enthusiasm

Brazilian steelmaker Usiminas (USIM5) reported better-than-expected Q2 EBITDA, but analysts warn recurring profitability will fall in Q3 due to rising costs.

By Diane Cole

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Usiminas Posts R$761 Million Q2 EBITDA Beat, But Non-Recurring Gains and Q3 Margin Pressure Temper Enthusiasm
Source: HVL / Wikimedia Commons (CC BY 3.0)

Brazilian steelmaker Usiminas (USIM5) reported better-than-expected Q2 EBITDA, but analysts warn recurring profitability will fall in Q3 due to rising costs.

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