Brazilian steel maker Usiminas has recorded an Adjusted Ebidta of BRL 1.6 billion, in January-March 2022 quarter against BRL 2.5 billion in the previous quarter. The Adjusted Ebidta margin was 19.9% in Q1 of 2022, compared to 30.5% in Q4 of 2021. Net income in the first quarter of the year reached BRL 1.3 billion. This result is 49% lower compared to the fourth quarter of last year of BRL 2.5 billion and represents an increase of 5% when compared to the first quarter of 2021. Total steel sales of 1.13 million tonne registered an increase of 6.6%, compared to the previous three months. Of this total, 867 thousand tonnes were destined for the domestic market and 267 thousand tonnes for export. Highlight for steel sales in the domestic market, of 867 thousand tons, in the first quarter of this year, an increase of 9.5% when compared to sales of the fourth quarter of 2021, of 792 thousand tons. At the Ipatinga Plant, crude steel production was 677 thousand tonnes in the first quarter of the year, against 723 thousand tons in the last quarter of 2021. At Mineração Usiminas, production volume in the first quarter of 2022 was 1.7 million tons, against 2.5 million tons in 4Q21. The lower production volume was due to the impact of rainfall in the region, which led to an operational stoppage and restricted access to mining fronts and to the Dry Stacking tailings filtering plant, which is in the ramp-up phase. Still in mining, sales volume reached 1.6 million tons in 1Q22, down 38% when compared to the last quarter of 2021, also affected by stoppages in the logistics chain due to the rains recorded in the period.
Brazilian steel maker Usiminas has recorded an Adjusted Ebidta of BRL 1.6 billion, in January-March 2022 quarter against BRL 2.5 billion in the previous quarter. The Adjusted Ebidta margin was 19.9% in Q1 of 2022, compared to 30.5% in Q4 of 2021. Net income in the first quarter of the year reached BRL 1.3 billion. This result is 49% lower compared to the fourth quarter of last year of BRL 2.5 billion and represents an increase of 5% when compared to the first quarter of 2021. Total steel sales of 1.13 million tonne registered an increase of 6.6%, compared to the previous three months. Of this total, 867 thousand tonnes were destined for the domestic market and 267 thousand tonnes for export. Highlight for steel sales in the domestic market, of 867 thousand tons, in the first quarter of this year, an increase of 9.5% when compared to sales of the fourth quarter of 2021, of 792 thousand tons. At the Ipatinga Plant, crude steel production was 677 thousand tonnes in the first quarter of the year, against 723 thousand tons in the last quarter of 2021. At Mineração Usiminas, production volume in the first quarter of 2022 was 1.7 million tons, against 2.5 million tons in 4Q21. The lower production volume was due to the impact of rainfall in the region, which led to an operational stoppage and restricted access to mining fronts and to the Dry Stacking tailings filtering plant, which is in the ramp-up phase. Still in mining, sales volume reached 1.6 million tons in 1Q22, down 38% when compared to the last quarter of 2021, also affected by stoppages in the logistics chain due to the rains recorded in the period.
