USIMINAS Usinas Siderúrgicas de Minas Gerais SA

Type: Company
Name: USIMINAS Usinas Siderúrgicas de Minas Gerais SA (Usinas Siderurgicas De Minas Gerais S.A. (USIMINAS))
First reported 11 hours ago - Updated 11 hours ago - 1 reports

Techint opposes Nippon Steel’s Usiminas strategy

Argentinian steelmaker Techint is accusing Japanese-based Nippon Steel of orchestrating a move that could completely alter the control of Brazil’s Usiminas, according to a media report.The move began with the “unilateral removal” of executives appointed ... [Published SteelOrbis - 11 hours ago]
First reported Oct 17 2014 - Updated Oct 17 2014 - 1 reports

Techint's dispute with Japanese partner in Brazil's Usiminas heats up

Italian-Argentine industrial conglomerate Techint on Friday accused Japan's Nippon Steel & Sumitomo Metal Corp. of fraudulently attempting to alter the shareholder pact governing their joint management of Brazilian steelmaker Usiminas, the Brazilian press ... [Published Individual.com - Oct 17 2014]
First reported Oct 16 2014 - Updated Oct 17 2014 - 1 reports

Brazil lowers prices to increase exports of HRC

Exports of HRC from Brazil reached 161,700 mt in September, 151 percent more than in August, according to the country’s minister of development, industry and foreign trade MDIC.Non-traditional markets and lower prices were the key for the upswing, a major ... [Published SteelOrbis - Oct 16 2014]
First reported Oct 17 2014 - Updated Oct 17 2014 - 1 reports

Brazil’s Sudeste Port receives approval to operate partially

Brazil’s water transport authority Antaq has authorized the start-up of operations of the Sudeste Port, according to information made available in the Diario Oficial, the country’s official gazette.According to the document, the port would operate partially, ... [Published SteelOrbis - Oct 17 2014]
First reported Oct 16 2014 - Updated Oct 16 2014 - 1 reports

UPDATE 1-Main unit of Batista's MMX requests bankruptcy protection

(Adds details of bankruptcy petition, background)BRASILIA, Oct 15 (Reuters) - The main subsidiary of Brazilian tycoon Eike Batista's iron ore mining company MMX Mineracao e Metalicos SA filed a bankruptcy protection petition before a Brazilian court on ... [Published CNBC - Oct 16 2014]
First reported Oct 14 2014 - Updated Oct 14 2014 - 3 reports

Webcast Alert: Usinas Siderurgicas De Minas Gerais S.A. - USIMINAS Announces Third Quarter 2014 Results Webcast

BELO HORIZONTE, BrazilWhat: Third Quarter 2014 Results Conference Call, which will be released on October, 29 2014, before BM&FBOVESPA´s trading hours.When: Wednesday, October 29, 2014Where: http://www.usiminas.com/riHow: Live over the Internet -- Simply ... [Published TheStreet.com - Oct 14 2014]
First reported Oct 07 2014 - Updated Oct 08 2014 - 3 reports

STXNEWS LATAM-Ternium says lost court case to reinstall Usiminas CEO

Luxembourg-based steelmaker Ternium said on Tuesday it lost a court case to have the former chief executive of Usiminas Julian Eguren reinstalled at the helm of the Brazilian company.Ternium had argued that the dismissal of Eguren went against a controlling ... [Published Yahoo! Finance - Oct 08 2014]
First reported Oct 03 2014 - Updated Oct 04 2014 - 4 reports

Ternium buys Usiminas stake

BRASILIA: Steelmaking group Ternium SA agreed on Thursday to pay 616.7 million reais ($249 million) for an additional stake in Brazilian rival Usiminas, as a tussle for control of the country’s largest flat steel producer heats up.Under terms of the deal, ... [Published The News International - Oct 04 2014]
First reported Oct 02 2014 - Updated Oct 03 2014 - 8 reports

Ternium raises stake in Brazilian steelmaker Usiminas

Steelmaking group Ternium, a unit of Italian-Argentine industrial conglomerate Techint Group, has reached a deal to raise its stake in Brazilian steelmaker Usiminas and become that company's largest shareholder. Ternium agreed to acquire an additional ... [Published Individual.com - Oct 03 2014]
First reported Oct 02 2014 - Updated Oct 02 2014 - 1 reports

Usiminas Is Most-Shorted Brazilian Stock After CEO Exit

Usinas Siderurgicas de Minas GeraisSA , already the world’s worst-performing steelmaker, is Brazil ’smost-shorted stock too after a power struggle among shareholdersled to the ouster of the chief executive officer.The ratio of borrowed shares in Usiminas, ... [Published Bloomberg - Oct 02 2014]
First reported Oct 01 2014 - Updated Oct 01 2014 - 1 reports

USINAS SIDERURGICAS DE MINAS GERAIS : Nippon Steel & Sumitomo Metal Corporation - The New Management Team of Usiminas

Release date- 29092014 - Usinas Siderurgicas de Minas Gerais S.A. - Usiminas , an equity method affiliated company in Brazil of Nippon Steel & Sumitomo Metal Corporation held the Board of Directors meeting on September 25, 2014 , and approved to (i) dismiss ... [Published 4 Traders - Oct 01 2014]
First reported Sep 26 2014 - Updated Sep 27 2014 - 5 reports

Metals - Brazil - Usiminas board dismisses CEO

Luxembourg-based Ternium 's Brazilian steelmaker Usiminas dismissed its CEO Julian Egurén and two executives from the board of officers.The decision had been approved by Usiminas's board."The board resolution dismissing the officers was passed with a ... [Published Business News Americas - Sep 26 2014]

Quotes

The executive said the Japanese "want to go back to the past, with a statist culture," and said they "hardly invested in the company in 50 years (and) are more concerned with selling technology and equipment."
As the Brazilian economy falters, "we'll aim to improve the morale of Usiminas employees and create a structure that can meet the needs of customers such as automakers" he said
It added: "Ternium believes that the votes cast by the NSSMC Group -appointed members were computed in violation of the shareholders agreement that governs the rights of the members of Usiminas' control group."

More Content

All (55) | News (46) | Reports (0) | Blogs (6) | Audio/Video (0) | Fact Sheets (1) | Press Releases (2)
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Techint opposes Nippon Steel’s Usiminas strategy [Published SteelOrbis - 11 hours ago]
Techint's dispute with Japanese partner in Braz... [Published Individual.com - Oct 17 2014]
Brazil’s Sudeste Port receives approval to oper... [Published SteelOrbis - Oct 17 2014]
Brazil lowers prices to increase exports of HRC [Published SteelOrbis - Oct 16 2014]
UPDATE 2-Batista's Brazilian iron-ore unit file... [Published CNBC - Oct 16 2014]
UPDATE 1-Main unit of Batista's MMX requests ba... [Published CNBC - Oct 16 2014]
Webcast Alert: Usinas Siderurgicas De Minas Ger... [Published TheStreet.com - Oct 14 2014]
Webcast Alert: Usinas Siderurgicas de Minas Ger... [Published Indianapolis Business Journal - Oct 14 2014]
Webcast Alert: Usinas Siderurgicas de Minas Ger... [Published RCL Advisors - Oct 14 2014]
Webcast Alert: Usinas Siderurgicas de Minas Ger... [Published Financial Services - Oct 14 2014]
Ternium says lost court case to reinstall Usimi... [Published Steel Guru - Oct 10 2014]
STXNEWS LATAM-Ternium says lost court case to r... [Published Yahoo! Finance - Oct 08 2014]
Nippon Steel won't boost stake in Usiminas amid... [Published Nikkei Asian Review - Oct 07 2014]
Techint to become major stakeholder in Usiminas [Published SteelOrbis - Oct 07 2014]
Brazil’s Usiminas shares fluctuate [Published The Gulf Today - Oct 05 2014]
Ternium buys Usiminas stake [Published The News International - Oct 04 2014]
Usiminas is most shorted Brazilian stock after ... [Published Steel Guru - Oct 04 2014]
Latin American Herald Tribune - Ternium Raises ... [Published DailyMe.Com - Oct 04 2014]
Six-year low unemployment rate boosts markets [Published Vision Monday - Oct 03 2014]
Clash deepens between Nippon Steel, Ternium ove... [Published Nikkei Asian Review - Oct 03 2014]
EMERGING MARKETS-Latam currencies sink on U.S. ... [Published Reuters - Oct 03 2014]
Ternium raises stake in Brazilian steelmaker Us... [Published Individual.com - Oct 03 2014]
Ibovespa Futures Rise as Poll Shows Rousseff Fa... [Published Bloomberg - Oct 03 2014]
Ternium to purchase BRL616.7m additional Usimin... [Published Individual.com - Oct 03 2014]
Ternium SA to acquire additional shares in Usim... [Published Reuters - Oct 03 2014]
Ternium pays Previ $247 mln for additional stak... [Published Reuters - Oct 02 2014]
Ternium To Boost Stake In Usiminas [Published RTTNews.com - Oct 02 2014]
Ternium to Acquire Additional Shares in Usiminas [Published Industrial Info Financials - Oct 02 2014]
Ternium to Acquire Additional Shares in Usiminas [Published Marketwire - Breaking News Releases - Oct 02 2014]
Ternium to Acquire Additional Shares in Usiminas [Published Scottrade - Oct 02 2014]
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Blogs

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Ternium to Acquire Additional Shares in Usiminas [Published Marketwire - Breaking News Releases - Oct 02 2014]
LUXEMBOURG--(Marketwired - Oct 2, 2014) - Ternium S.A. (NYSE: TX) announced today that it has entered into a definitive purchase agreement with Caixa de Previdência dos Funcionários do Banco do Brasil - PREVI for the acquisition of 51.4 million ordinary ...
Usiminas Board of Directors Passes Resolution D... [Published Marketwire - Breaking News Releases - Sep 26 2014]
LUXEMBOURG--(Marketwired - Sep 26, 2014) - Ternium S.A. (NYSE: TX) announced today that the board of directors of Usinas Siderúrgicas de Minas Gerais S.A. - USIMINAS ("Usiminas") passed a resolution dismissing the company's chief executive officer (Diretor-Presidente) ...
Webcast Alert: Usinas Siderurgicas de Minas Ger... [Published PR Newswire: Energy - Jul 23 2014]
BELO HORIZONTE, Brazil, July 10, 2014 /PRNewswire/ -- Usinas Siderurgicas de Minas Gerais S.A. - USIMINAS  (OTC: USDMY,USNZY) (BM&FBOVESPA: USIM3, USIM5, USIM6)  (Latibex: XUSIO, XUSI) announces the following Webcast:What: Second Quarter 2014 Results ...
Webcast Alert: Usinas Siderurgicas de Minas Ger... [Published PR Newswire: Financial Services - Jul 10 2014]
BELO HORIZONTE, Brazil, July 10, 2014 /PRNewswire/ -- Usinas Siderurgicas de Minas Gerais S.A. - USIMINAS  (OTC: USDMY,USNZY) (BM&FBOVESPA: USIM3, USIM5, USIM6)  (Latibex: XUSIO, XUSI) announces the following Webcast:What: Second Quarter 2014 Results ...
Brazil's Ibovespa Adds to Weekly Advance as Usi... [Published Bloomberg via Google News - Jul 04 2014]
Brazil's Ibovespa Adds to Weekly Advance as Usiminas Rallies Bloomberg The Ibovespa (IBOV) rose, capping its first weekly gain in three as commodity producers including Usinas Siderurgicas de Minas Gerais SA rallied after data from the U.S. to China ...
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Press Releases

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Webcast Alert: Usinas Siderurgicas de Minas Ger... [Published Financial Services - Oct 14 2014]
Fitch Affirms Usiminas' IDRs 'BB+'; Outlook Rev... [Published Fitch Ratings Headlines Corporate - Apr 25 2014]
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