25.05.2015 14:47:00

Usinas Siderurgicas de Minas Gerais S.A. -- Moody's comments that the temporary halt of blast furnaces is credit negative for Usiminas

New York, May 25, 2015 -- Moody's Investors Service comments that the temporary halt of blast furnaces is credit negative for Usinas Siderúrgicas de Minas Gerais S.A. (Ba3 stable) because will reduce the company's annual pig iron output by 1.4 million tons and annual EBITDA generation capacity by an estimated BRL 386 million (based on current EBITDA per ton), despite the cost savings related to the shutdown.

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