In the third quarter of 2023, Usiminas had net revenue of R$6.7 billion,
which represents a 2.5% drop compared to the previous quarter, due to a reduction in all business units. Adjusted EBITDA was negative R$20 million, a decrease of R$386 million compared to the previous quarter, resulting in an adjusted EBITDA margin of negative 0.3%, in contrast to the margin of 5.3% in the previous quarter.
On the last line to Usiminas,
in the third quarter of 2023, it had a net loss of R$166 million , which is R$453 million lower than the net profit of the previous quarter. This is due to weaker operating performance and foreign exchange losses recorded in the third quarter.