Usinas Siderúrgicas de Minas Gerais S.A.

What Usinas Siderúrgicas de Minas Gerais S.A. does

Usiminas is the leading flat steel producer in Brazil and operates the largest flat steel complex in Latin America, with fully integrated operations spanning iron ore mining, steelmaking, rolling, coating, and capital goods. Founded in 1962 and headquartered in Ipatinga, Minas Gerais, the company runs industrial and logistics units across six Brazilian states, serving end-markets including automotive, oil & gas, construction, naval, white goods, energy, machinery, and distribution. Its product portfolio includes heavy plates (chapas grossas), hot-rolled coils (tiras a quente), cold-rolled products, electrogalvanized and hot-dip galvanized steel, and the premium Sincron brand, complemented by iron ore sales of 9.6 million tonnes in 2025 through Mineração Usiminas (a partnership with Sumitomo Corporation) and capital goods from Usiminas Mecânica.

The business runs on a B2B, contract-based pricing model with dedicated field sales teams targeting key industrial sectors and distribution through Soluções Usiminas, which includes an e-commerce platform serving over 4,500 clients. Steel sales reached 4.36 million tonnes in 2025, consolidated net revenue was R$26.3 billion, and Adjusted EBITDA was R$2.0 billion (7.6% margin), with Q2 2026 revenue of R$6.1 billion and EBITDA of R$761 million indicating continued sequential improvement. The company maintains the largest steelmaking R&D center in Latin America (50 years of operation, R$23 million modernization investment between 2024 and 2026), is the second steel company globally to hold ISO 14001 certification, and operates proprietary technologies such as Pulverized Coal Injection (PCI) at Ipatinga, dry stacking for tailings, and an AI-based 24/7 atmospheric emissions detection system. Usiminas is publicly listed on the São Paulo (USIM5), New York (ADR Level I), and Madrid stock exchanges, and is currently led by President Marcelo Chara.

Name

Usinas Siderúrgicas de Minas Gerais S.A.

Legal name

Usinas Siderúrgicas de Minas Gerais S.A.

Website

https://usiminas.com

Company type

Public

Founded year

1962

Operating status

Operating

Short description

Usiminas is Brazil's leading flat steel producer and operator of the largest flat steel complex in Latin America, with fully integrated operations from iron ore mining through finished steel products serving automotive, oil & gas, construction, naval, energy, and machinery customers across six Brazilian states and export markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Belo Horizonte

HQ country

Brazil

HQ region

Latin America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Steel Products Sales: Usiminas produces and sells a diversified portfolio of flat steel products including hot-rolled strips (tiras a quente), cold-rolled coils (laminados a frio), electrogalvanized, hot-dip galvanized, thick plates, and specialty products like Sincron. Revenue is generated through direct sales to industrial customers and through Soluções Usiminas distribution network and e-commerce.
2. Iron Ore Mining and Sales: Mineração Usiminas extracts and sells iron ore, with annual sales reaching 9.6 million tonnes in 2025. The mining operation is a partnership with Sumitomo Corporation and is a key part of the company's integrated business model.
3. Steel Processing and Distribution Services: Soluções Usiminas provides steel processing and distribution services, including an e-commerce platform that has served over 4,500 customers and commercialized 2,500 tonnes of steel in its first year of operation.
4. Capital Goods and Customized Solutions: Usiminas Mecânica produces custom capital goods and engineered steel solutions for industrial clients. The company underwent restructuring to focus on services for Usiminas and its subsidiaries.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Usiminas is an integrated flat steel producer that extracts iron ore (via Mineração Usiminas, in partnership with Sumitomo Corporation), manufactures a diversified portfolio of flat steel products — heavy plates, hot-rolled and cold-rolled coils, electrogalvanized and hot-dip galvanized steel, and the Sincron premium line — and distributes processed steel through its Soluções Usiminas arm (including an e-commerce platform) to industrial customers across automotive, oil & gas, construction, naval, white goods, machinery, and energy sectors. The company also produces custom capital goods through Usiminas Mecânica.

Product overview

Usiminas operates as a diversified steel and mining company with a comprehensive product portfolio. The core steel business includes flat steel products: Chapas Grossas (heavy plates), Tiras a Quente (hot-rolled coils), Laminados a Frio (cold-rolled products), Eletrogalvanizados, Galvanizados por Imersão a Quente (hot-dip galvanized), and the premium Sincron brand. Supporting the steel operations, the company maintains Mineração Usiminas for iron ore extraction (a partnership with Sumitomo Corporation), Soluções Usiminas for steel distribution and e-commerce, Unigal Usiminas for flat steel solutions, and Usiminas Mecânica for capital goods. The company also operates social initiatives through Fundação São Francisco Xavier (healthcare/education) and Instituto Usiminas (culture/sports/social development). Usiminas maintains the largest R&D center in Latin American steelmaking, driving innovation across all product lines.

Differentiator

Problem solved

Functional benefit

Brands

• Sincron: Product line of steel offerings from Usiminas
• InovaAí
• Portas Abertas
• Voluntários em Ação
• Programa Mobiliza Todos pela Água
• Programa Fornecedor Seguro
• CompraAÍ

Products and services

• Chapas Grossas (Heavy Plates) Thick steel plates produced through hot rolling, used in applications requiring high strength and durability such as construction, naval, and industrial equipment. Targeted at industrial buyers in oil & gas, naval, construction, and machinery sectors.
• Tiras a Quente (Hot-Rolled Coils/Strips) Hot-rolled steel strips and coils produced at high temperatures, used in automotive, construction, and industrial machinery applications. Targeted at industrial buyers in automotive, construction, and machinery sectors.
• Laminados a Frio (Cold-Rolled Products) Cold-rolled flat steel products with improved surface finish and dimensional accuracy, used in automotive, appliances, and construction applications. Targeted at industrial buyers requiring precision surface quality.
• Eletrogalvanizados (Electrogalvanized Steel) Electrogalvanized steel with zinc coating applied through electrolysis, providing corrosion resistance for automotive and appliance applications. Targeted at automotive and white goods manufacturers.
• Galvanizados por Imersão a Quente (Hot-Dip Galvanized Steel) Hot-dip galvanized steel with a protective zinc coating applied by immersion, offering superior corrosion resistance for construction and infrastructure applications. Targeted at construction and infrastructure buyers.
• Sincron Premium branded steel product line with advanced technology and high quality, part of Usiminas' high value-added product portfolio. Targeted at customers requiring premium-grade steel.
• Mineração Usiminas Iron Ore Iron ore extracted and sold by Mineração Usiminas, a partnership with Sumitomo Corporation. Annual sales reached 9.6 million tonnes in 2025 (record), supplying internal steel operations and external customers. Focused on sustainable mining with quality, competitiveness, safety, and environmental respect.
• Soluções Usiminas Steel Distribution and Processing Steel processing and distribution services including an e-commerce platform for smaller-quantity orders. Provides processed steel with technical support to mid-market customers, distributors, and construction buyers across Brazil.
• Usiminas Mecânica (Capital Goods and Customized Solutions) Custom-engineered capital goods and industrial services for industrial clients. Following 2020 restructuring, the entity focuses on providing services to Usiminas and its subsidiaries. Targeted at industrial clients requiring bespoke engineered steel solutions.

Quantifiable outcome

• Adjusted EBITDA of R$2.0 billion in 2025, up 24% year-over-year
• +5 more outcomes

Named customers1 record

Segments9 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Sumitomo CorporationcoreStrategic or Co-development Partner · 1 January 2020Sumitomo Corporation is a partner in Mineração Usiminas, the iron ore mining operation that extracts and sells approximately 9.6 million tonnes of iron ore annually (2025 record). This partnership enables sustainable iron ore extraction with quality, competitiveness, and environmental respect.
• SAP (Ariba)coreTechnology or IntegrationUsiminas implemented SAP Ariba as part of its 'Projeto CompraAÍ' digital transformation initiative for procurement and supply chain management. The platform digitizes and automates purchasing processes, increases supply chain competitiveness, and improves compliance across all procurement phases.
• SENAIminorStrategic or Co-development PartnerUsiminas partnered with SENAI to repair and maintain mechanical ventilators and 3D printers for hospitals during the Covid-19 pandemic. SENAI led the ventilator recovery program while Usiminas provided technicians and workspace in Ipatinga and Belo Horizonte.
• Instituto InteragirminorStrategic or Co-development PartnerThe Mobiliza Todos pela Água (Water Mobilization) program, managed by Instituto Interagir, partners with Usiminas, municipal governments, public agencies, and local communities to recover springs and watercourses in the Vale do Aço and eastern Minas Gerais regions.
• Prefeitura Municipal de Ipatinga (PMI)minorGTM or Marketing PartnerUsiminas partnered with the Municipal Government of Ipatinga to sanitize high-traffic public areas including bus stops, squares, hospitals, and health units during the Covid-19 pandemic. The municipality defined priority locations and Usiminas provided equipment and personnel.
• Fundação São Francisco Xavier (FSFX)coreStrategic or Co-development PartnerFSFX is Usiminas' social arm in health and education, managing four hospitals in Ipatinga, Itabira, and Cubatão (Baixada Santista). The foundation serves as a reference for dozens of municipalities, with a significant portion of care dedicated to SUS (public health system) patients.
• UnilesteminorGTM or Marketing PartnerUsiminas participated in an environmental seminar organized by Unileste, a higher education institution in eastern Minas Gerais, to discuss sustainability challenges and opportunities in industry, presenting its environmental actions, decarbonization plan, and community engagement efforts.
• FIEMG — FIEMG Lab 4.0minorStrategic or Co-development PartnerUsiminas serves as an Industry Sponsor ('Indústria Madrinha') of the 2020 FIEMG Lab 4.0 program, Brazil's largest industrial startup acceleration program. The company connects with 50 selected startups to develop solutions for internal challenges through the InovaAÍ innovation framework.
• Ternium BrasilminorGTM or Marketing PartnerUsiminas and Ternium Brasil co-hosted the Compre Bem FIEMG supplier matchmaking event, bringing together 65 companies from various sectors for business rounds with both steel producers, with the goal of strengthening the local supply chain in Minas Gerais.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Cleveland-Cliffs Inc. Largest flat-rolled steel producer in North America and a vertically integrated iron ore + steel incumbent. Comparable to Usiminas on integrated business model, automotive customer base, and exposure to flat steel pricing dynamics.
• thyssenkrupp Steel Europe AG: Europe's largest flat steel producer and an integrated incumbent serving automotive, construction, and packaging customers. Comparable on flat-steel product mix, automotive OEM relationships, and decarbonization challenges facing integrated blast-furnace steelmaking.
• Steel Dynamics, Inc. Major US flat and long steel producer with a focus on EAF/mini-mill technology and a significant metals recycling platform. Comparable to Usiminas as a flat-steel competitor serving automotive and construction, with a different (lower-carbon) production technology mix.
• POSCO Holdings Inc. South Korean integrated steelmaker and global exporter of flat steel, competing with Usiminas in international automotive and construction sheet markets. Comparable on integrated steelmaking, automotive-grade flat products, and global export orientation.
• Nucor Corporation: Largest steelmaker in the United States and a broad incumbent competitor in automotive and construction sheet steel. Nucor's leadership in EAF technology provides a useful comparison point on cost structure and carbon intensity versus Usiminas' integrated blast-furnace route.
• JFE Steel Corporation: Major Japanese integrated steel producer with global automotive and infrastructure steel customers. JFE is a useful broad-incumbent comparable on technology, high-grade flat steel R&D, and exposure to Asian export competition that pressures Brazilian mills.
• ArcelorMittal S.A. The world's largest steelmaker with major Brazilian operations (ArcelorMittal Brasil) producing flat and long steel. Comparable as a globally integrated incumbent with overlapping flat steel products, automotive customer base, and iron ore integration (via ArcelorMittal Mining).

Direct peers

• Gerdau S.A. Brazil's largest steelmaker and a direct competitor across long and flat steel products in the Brazilian market. Both companies serve automotive, construction, and industrial customers domestically, making Gerdau the closest peer for Usiminas in terms of geography and end markets.
• Ternium S.A. Latin American flat steel producer with significant operations in Mexico and Argentina, competing with Usiminas in regional flat steel markets. The two companies even co-hosted a FIEMG supplier matchmaking event, underscoring direct overlap in markets and customer base.
• Companhia Siderúrgica Nacional (CSN): Brazilian integrated steel producer that directly competes with Usiminas in flat steel and serves overlapping automotive, construction, and industrial customers. CSN's own iron ore mining subsidiary mirrors Usiminas' vertical integration model, making it a head-to-head comparable in Brazil.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

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

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries6 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 Usinas Siderúrgicas de Minas Gerais S.A.