Brazil's Usiminas posts net loss of 1 bln reais, misses forecasts

jueves 29 de octubre de 2015 07:00 GYT

RIO DE JANEIRO Oct 29 (Reuters) - Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA posted a net loss of 1.042 billion reais ($267 million) on Thursday, hit by weak steel demand and low iron ore prices.

A Reuters poll of analysts had forecast a loss of 582 million reais. ($1 = 3.905 reais) (Reporting by Stephen Eisenhammer Editing by W Simon)