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    CRU

    May 2, 2025

    CRU: Usiminas may reduce capex unless government strengthens protection

    Written by CRU Group

    Brazilian sheet steel producer Usiminas is likely to revise downwards its plan to invest around BRL1.5 billion ($264 million) in the country this year if the government does not adopt tougher trade defence measures, said CEO Marcelo Chara.

    “The lack of effective measures to create fair competition, amid a surge in subsidized imports, is the main threat to the sustainability of Brazil’s steel industry and its value chain,” he was quoted as saying by the Valor Economico financial newspaper.

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