Usiminas

What Usiminas does

Usiminas (Usinas Siderúrgicas de Minas Gerais S.A.) is Brazil's leading flat steel producer and one of the largest integrated steelmakers in Latin America, founded in 1962 and headquartered in Ipatinga, Minas Gerais. The company operates two integrated steel plants (Ipatinga and Cubatão) and runs a vertically integrated value chain spanning iron ore mining through the Mineração Usiminas (MUSA) joint venture with Sumitomo Corporation, steel manufacturing, and downstream distribution via Soluções Usiminas and the Unigal Usiminas galvanizing joint venture with Nippon Steel. Its product portfolio covers hot-rolled strips, cold-rolled sheets, hot-dip and electrogalvanized products, heavy plates (Chapas Grossas) produced with proprietary CLC accelerated cooling technology, carbon steel tubes, and specialty sub-brands including Sincron (high-performance steels for naval, oil & gas, and machinery) and USI SAC SOLAR POWER (the only Brazilian steel solution designed for photovoltaic structures).

The company serves industrial B2B customers across at least eight verticals — automotive, construction and infrastructure, oil and gas, naval, machines and equipment, white goods, energy, and distribution/transformation — through an enterprise sales motion combining direct sales offices (São Paulo, Belo Horizonte, Porto Alegre), seven Soluções Usiminas processing and distribution centers across four states, and a 2025-launched e-commerce platform. Named enterprise customers include General Motors, Honda Motos, and the Brazilian Navy. Pricing is quote-based and customized to specifications with multi-year industrial contracts. Usiminas is majority-controlled by Ternium S.A. (83.1% as of February 2026), publicly traded on B3 (USIM5) with ADRs on OTC Markets (USNZY), and employs 10,000+ people across six Brazilian states with maritime export capability at Praia Mole. Notable financial signals include full-year 2025 adjusted EBITDA of R$2 billion (24% YoY growth), record iron ore sales of 9.6 million tons in 2025, and a R$1.4-1.6 billion 2026 investment plan.

Name

Usiminas

Legal name

Usinas Siderúrgicas de Minas Gerais S.A.

Website

https://usiminas.com

Company type

Public

Founded year

1962

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Usiminas is Brazil's largest integrated flat steel producer, operating iron ore mining, steel manufacturing, and distribution. It serves industrial B2B customers across automotive, construction, oil & gas, naval, and machinery sectors via direct sales and a seven-center distribution network.

Ownership category

akta.pro rank

Headquarters

HQ city

Ipatinga

HQ country

Brazil

HQ region

Latin America

Offices13 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Steel Production and Sales: Primary revenue from manufacturing and selling flat steel products including hot-rolled strips, cold-rolled sheets, galvanized sheets, thick plates, and specialty steels. Revenue is generated through direct sales to industrial customers and distribution through Soluções Usiminas network.
2. Iron Ore Mining: Mineração Usiminas (MUSA), a joint venture with Sumitomo Corporation, produces and commercializes iron ore for both domestic market and international export. Record iron ore sales of 9.6 million tons in 2025.
3. Steel Distribution and Processing: Revenue from Soluções Usiminas distribution centers providing steel processing services including cutting, slitting, welding, and logistics. Seven units operating in four Brazilian states.
4. Industrial Services: Usiminas Mecânica provides industrial maintenance and assembly services including electromecanical installation, maintenance, and large-scale industrial projects for steel and mining sectors.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Usiminas is an integrated flat steel producer that manufactures and sells hot-rolled strips and coils, cold-rolled sheets, hot-dip galvanized and electrogalvanized products, heavy steel plates, and carbon steel tubes for industrial customers. Operations extend upstream through Mineração Usiminas (MUSA), an iron ore mining joint venture with Sumitomo Corporation, and downstream through the Soluções Usiminas distribution network providing steel processing services such as cutting, slitting, and welding across Brazil.

Product overview

Usiminas is Brazil's leading flat steel producer operating an integrated business model spanning iron ore mining, steel manufacturing, and steel distribution/transformation. The core product portfolio includes hot-rolled strips/coils (Tiras a Quente), cold-rolled steel (Laminados a Frio), hot-dip galvanized (Galvanizados por imersão a quente), electrogalvanized (Eletrogalvanizados), heavy plates (Chapas Grossas), and carbon steel tubes. Specialty steel sub-brands include Sincron (high-performance steels using CLC technology for naval, oil & gas, and machinery applications) and USI SAC SOLAR POWER (proprietary solution for photovoltaic structures). Downstream operations include Soluções Usiminas (steel distribution and transformation with cutting, welding, and logistics services), Unigal Usiminas (hot-dip galvanizing joint venture with Nippon Steel), Mineração Usiminas/MUSA (iron ore mining with Sumitomo), and Usiminas Mecânica (industrial maintenance and assembly services).

Differentiator

Problem solved

Functional benefit

Brands

• Sincron: High-performance steel brand for heavy-duty applications in oil and gas, naval, and industrial machinery sectors
• USI SAC SOLAR POWER

Products and services

• Tiras a Quente (Hot-Rolled Steel Strips and Coils) Hot-rolled steel strips and coils with high reliability and versatility, serving as the base input for downstream cold-rolled and galvanized processing. Used by automotive, construction, machinery, and pipe manufacturers.
• Laminados a Frio (Cold-Rolled Steel) Cold-rolled steel produced by thickness reduction of hot-rolled strips, offering superior surface quality and dimensional accuracy. Used by automotive, appliance, and construction industries.
• Galvanizados por Imersão a Quente (Hot-Dip Galvanized Steel) Hot-dip galvanized steel with superior quality zinc coating through controlled immersion, providing corrosion protection for automotive, construction, and industrial applications.
• Eletrogalvanizados (Electrogalvanized Steel) Electrogalvanized steel with enhanced atmospheric corrosion resistance for demanding applications in automotive exposed panels and high-finish industrial uses.
• Chapas Grossas (Heavy Steel Plates) Heavy steel plates produced with CLC (Continuous OnLine Control) accelerated cooling technology for industrial applications, construction, naval sector, and oil and gas. Used by Petrobras, the Brazilian Navy, and infrastructure builders.
• Tubos de Aço Carbono (Carbon Steel Tubes) Carbon steel welded tubes in square, round, and rectangular profiles, produced under strict technical control for structural and fluid conduction applications.
• Sincron (Premium High-Performance Steel) Premium specialty steel produced using CLC (Continuous OnLine Control) accelerated cooling technology, offering high mechanical strength and superior weldability for naval, oil and gas, and industrial machinery applications.
• USI SAC SOLAR POWER (Solar Photovoltaic Steel) Exclusive proprietary steel solution developed for photovoltaic energy structure applications, providing corrosion resistance and structural integrity for solar panel mounting structures. Only steel solution of its kind in Brazil for this use case.
• Soluções Usiminas (Steel Distribution and Transformation Services) Steel distribution and transformation services including cutting, slitting, welding, logistics, and volume adaptation, operated through seven business units across four Brazilian states (Betim, Guarulhos, Porto Alegre, Santa Luzia, Taubaté, Cabo de Santo Agostinho).
• Mineração Usiminas (MUSA) Iron Ore Iron ore production and commercialization from four mines for both the domestic Brazilian market and international export. Achieved record 9.6 million tons in annual sales with 5% cost reduction per ton and 92.5% water reuse rate.
• Unigal Usiminas (Hot-Dip Galvanizing) Hot-dip galvanizing of steel for automotive, appliance, and construction industries, bringing Japanese steel technology and quality standards to Brazilian operations through the joint venture with Nippon Steel.
• Usiminas Mecânica (Industrial Maintenance and Assembly) Electromechanical installation, maintenance, and large-scale industrial project services for steelmaking and mining operations. Over 50 years of operational history in industrial services.
• New Steel Grades Development (Nine New Grades at Pilot Scale) New steel grades developed at pilot scale in 2025 focused on higher mechanical resistance and sustainability for industrial applications across the automotive, construction, and energy segments.

Quantifiable outcome

• Full-year 2025 adjusted EBITDA reached R$2 billion, representing 24% increase versus 2024
• +4 more outcomes

Named customers4 records

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• Brazilian Government - Foreign Trade Committee (GECEX)coreOthers · 19 February 2026Following Usiminas' petition filed in April 2024, the Brazilian government approved anti-dumping duties of up to US$670 per tonne on Chinese cold-rolled and galvanized steel imports. This five-year protection benefits the domestic steel industry.
• Sumitomo CorporationcoreStrategic or Co-development Partner · 1 January 2010Joint venture partner in Mineração Usiminas (MUSA) established in 2010. Originally focused on supplying Usiminas' iron ore needs, MUSA has grown to become an important iron ore supplier for both domestic and international markets.
• Nippon Steel & Sumitomo Metal CorporationcoreStrategic or Co-development Partner · 1 January 1999Joint venture partner in Unigal Usiminas established in 1999, specializing in hot-dip galvanizing of steel for automotive, appliance, and construction industries. The partnership brings Japanese steel technology and quality standards to Brazilian operations.
• Fundação São Francisco Xavier (FSFX)coreOthersSocial foundation established by Usiminas managing healthcare and educational institutions including hospitals, health insurance operator, dental clinics, and São Francisco Xavier School - supporting employee welfare and community development.
• Instituto UsiminascoreOthersSocial institute directing investments toward actions promoting access to culture, sports, and citizenship in cities where Usiminas operates. Manages cultural centers, theaters, and community programs.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• ArcelorMittal: World's largest integrated steel producer with significant Brazilian flat-steel operations through ArcelorMittal Brasil. Directly competes with Usiminas in Brazilian flat steel, automotive, and O&G plate markets.
• Gerdau: Brazilian integrated long and specialty steel producer serving construction, automotive, and industrial segments. Comparable Brazilian scale, distribution network, and customer base, though weighted more toward long products than Usiminas' flat steel focus.
• Companhia Siderúrgica Nacional (CSN): Brazilian integrated flat steel producer with own iron ore mining and similar customer verticals (automotive, construction, packaging). Most directly comparable domestic competitor in flat steel and mining integration.
• Aperam: European and Brazilian stainless and specialty flat steel producer. Comparable in flat steel product portfolio and Brazilian presence; competes in similar industrial and automotive customer segments.

Broad incumbents

• Ternium: LatAm-focused flat steel producer now controlling 83.1% of Usiminas' control group. Operates integrated mills in Mexico, Argentina, and other LatAm markets, directly comparable in product mix and regional positioning.
• NLMK (Novolipetsk Steel): Russian integrated flat steel producer serving global automotive, construction, and O&G markets. Comparable in flat-steel focused product mix and premium-grade capabilities (HIC, AHSS-equivalents).
• Severstal: Russian integrated steelmaker with own iron ore and flat steel production. Comparable integrated mining-to-steel model and exposure to industrial customer verticals.
• POSCO: Global flat steel leader with advanced AHSS, electrical steel, and proprietary CLC-equivalent cooling technologies. Comparable in premium flat steel grades and automotive technology positioning.
• Nippon Steel Corporation: Japan's largest integrated steelmaker and former Usiminas partner through Unigal JV. Comparable in advanced flat steel grades, automotive AHSS, and deep global customer reach.
• United States Steel Corporation: Integrated flat steel producer with iron ore assets serving North American automotive, construction, and energy markets. Comparable integrated steel model and large mill scale, though geographically distinct from Usiminas.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/usiminas
• YouTubeyoutube.com/usiminasoficial
• Facebookfacebook.com/oficial.usiminas
• LinkedInbr.linkedin.com/company/usiminas-s.a
• Instagraminstagram.com/usiminas.oficial

Compliance22 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Usiminas