Usinas Siderúrgicas de Minas Gerais S.A. Price & Performance (USNZY)

Companhia Siderúrgica Nacional posted a 28% year-over-year rise in adjusted EBITDA for Q1 2025, reaching R$2.5 billion, driven by higher volumes and improved operational efficiency. However, net loss widened to R$731.6 million, with EPS missing analyst expectations. Shares fell over 7% last week amid a competitive pricing environment.12

Usinas Siderúrgicas de Minas Gerais SA has delivered a 21% gain so far in 2025, outperforming the broader Basic Materials sector’s 4.2% average return. The company’s earnings outlook has improved significantly, with analyst estimates rising 57% over the past three months, reflecting strong sentiment and sector leadership.34

Brazil’s main stock market index, the Bovespa, reached an all-time high of 139,419 in May, up 15.5% year-to-date. The rally was fueled by robust performances from commodity giants and optimism over Chinese demand, as well as expectations for U.S. interest rate cuts later this year, boosting investor confidence.5