USIM3.SA
Usinas Siderúrgicas de Minas Gerais S.A.
Sao Paolo
8.041.01 (14.37%)
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1d
Prev Close7.03
Open7.05
Bid7.51 x
Ask8.50 x
52wk Range2.95 - 11.21
Day's Range7.05 - 8.62
Volume472,100
Avg Vol (3m)154,210
As of 4:06 PM EDT. Market closed.
  • Reuters11 days ago

    Brazil's Usiminas asks banks to extend standstill, sources say

    Usinas Siderúrgicas de Minas Gerais SA, Brazil's No. 1 listed flat steelmaker, is asking banks to extend a 120-day standstill agreement covering 4 billion reais ($1.22 billion) in loans that expires next week in a bid to conserve cash, four sources said on Wednesday. Usiminas has contacted Itaú Unibanco Holding SA, Banco Bradesco SA and state-controlled lenders Banco do Brasil SA and BNDES to stretch out the standstill deadline by between 30 days and 60 days, said the sources, who asked for anonymity to speak about the matter.

  • Reuters11 days ago

    Brazil's Usiminas, banks in talks to extend loan standstill -sources

    Usinas Siderúrgicas de Minas Gerais SA has reached out to banks to extend a 120-day standstill agreement on 4 billion reais ($1.22 billion) worth of loans that is due this month, as Brazil's largest listed flat steelmaker struggles to protect cash, two sources with knowledge of the plan said on Wednesday. Usiminas, as the company is known, has contacted Itaú Unibanco Holding SA, Banco Bradesco SA and state-controlled lenders Banco do Brasil SA and BNDES to stretch out the deadline for the current agreement of at least 30 days, said the sources, who requested anonymity because the plan is underway. Usiminas, Banco do Brasil and Bradesco declined to comment.