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The Nexus
BUSINESSJul 17 · 07:31 UTCTHE RIO TIMESRichard Mann

Brazilian Steelmaker Usiminas Doubles Profit to $210 Million; BlackRock Trims Stake

Brazilian steelmaker Usiminas reported a 166% year-on-year increase in net earnings to R$896 million ($177 million) in Q1 2026, driven by a 140% rise in its steel unit's EBITDA to R$544 million ($107 million). BlackRock reduced its stake in the company.

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Brazilian Steelmaker Usiminas Doubles Profit to $210 Million; BlackRock Trims Stake · The Nexus