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[BUSINESS] · Brazil · 4 sources

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Part of situation: Usiminas industrial investment in Ipatinga (2 clusters)

Usiminas announces R$ 3.5 billion investment plan amid financial pressure

Usiminas steel industry coke oven capital expenditure Minas Gerais

Usiminas has announced a R$ 3.5 billion investment plan focused on three primary projects: repairing its coke ovens, implementing a pulverized coal injection (PCI) plant, and installing a new gasometer. The company expects to invest between R$ 1.4 billion and R$ 1.6 billion this year.

Key infrastructure projects include a R$ 978 million repair of coke oven battery 3, scheduled for completion in 2028, and a R$ 1.7 billion partial reconstruction of battery 4 in Ipatinga, Minas Gerais, expected to finish in 2029. The battery 4 project is anticipated to create approximately 800 jobs and increase the production of coke and coke oven gas, reducing reliance on external suppliers.

Additionally, Usiminas is investing R$ 597 million in a new PCI grinding and injection plant, slated for 2026, to improve energy efficiency and reduce greenhouse gas emissions. A R$ 233 million gasometer installation is also planned for completion in 2027.

These capital expenditures come as the company faces financial challenges. Usiminas shares fell 8.59% following a weak third-quarter performance, where rising industrial costs and limited demand pressured margins. In the steel division, Ebitda fell 21.8% sequentially, impacted by higher costs for steel plates, coke, and a weaker real against the dollar.

Entities

B3 · Ipatinga · JPMorgan · Minas Gerais · Usiminas

Claims

What the coverage asserts, and how many sources carry each claim.

  • [○ 1 SOURCE] The battery 4 project is expected to generate about 800 jobs during construction.
  • [○ 1 SOURCE] Usiminas shares fell 8.59% to R$ 5.00 on Friday. www.spacemoney.com.br
  • [● 2 SOURCES] The reconstruction of battery 4 in Ipatinga will cost R$ 1.7 billion and is expected to be completed by 2029. valor.globo.com
  • [○ 1 SOURCE] Between R$ 1.4 billion and R$ 1.6 billion will be invested this year. valor.globo.com
  • [○ 1 SOURCE] A new pulverized coal injection (PCI) plant will cost R$ 597 million and is expected to operate in 2026. valor.globo.com
  • [○ 1 SOURCE] The steel division Ebitda fell 21.8% sequentially in the third quarter. www.spacemoney.com.br
  • [○ 1 SOURCE] Usiminas plans total investments of R$ 3.5 billion. valor.globo.com
  • [○ 1 SOURCE] The repair of coke oven battery 3 will cost approximately R$ 978 million and is expected to conclude in 2028. valor.globo.com

Sources

Usiminas planeja investimentos de R$ 3,5 bilhões [valor.globo.com]
Quem mora em Aquidauana (MS), no Pantanal, tem ao lado uma siderúrgica que vendeu à ArcelorMittal 303,6 toneladas de ferro-gusa por dia, acima das 300 que a licença permite à usina inteira [clickpetroleoegas.com.br]
VALE3 despenca no lucro, vê margens encolherem e recebe recomendação neutra; veja o que preocupa analistas [guiadoinvestidor.com.br]
Usiminas cai 8,59% na B3 com alerta para o 4T26 [www.spacemoney.com.br]