Brazilian Steelmaker Usiminas Doubles Profit to $210 Million; BlackRock Trims Stake

Brazil · Business Key Facts —Profit surges Usiminas net earnings hit R$896 million (about US$177 million) in Q1 2026, up 166% year-on-year, signaling a powerful cyclical rebound for the steelmaker. —Steel division leads The steel unit’s EBITDA jumped 140% over the previous quarter to R$544 million (about US$107 million), driven by higher revenue per ton…