Increased risk weighs on USINAS SIDERURGICAS DE MINAS GERAIS A PN, penalising its rating down to Slightly Negative
The independent financial analyst theScreener just lowered the general evaluation of USINAS SIDERURGICAS DE MINAS GERAIS A PN (BR), active in the Steel industry. As regards its fundamental valuation, the title still shows 0 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date February 22, 2022, the closing price was BRL 14.72 and its target price was estimated at BRL 11.38.Usinas Siderurgicas de Minas Gerais - USIMINAS is engaged in the manufacture, sale and export of steel and steel products. Main products include pig iron, raw steel, crude steel, thick weldable plates, including plates designed for use in low, intermediate and high temperatures, malleable plates, hardened plates, corrosion resistant plates and ultra-thick plates; hot-rolled plates and cylinders, including high carbon steel plates; cold-rolled plates and cylinders, including enameled plates and plates for stamping; galvanized plates, including zinc and nickel-zinc coated plates; and steel billets, including carbonized steel and steel alloy billets.
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