USIMINAS WILL INVEST MUCH LESS IN 2016

Usiminas is planning to cut its investments in 2-016  to an amount that is a half of the one in 2015. However, the company doesn't expect that this cut will reduce its debt in the next quarters.

This will mean that the investments will be below R$ 750 million (US$ 180 million) in 2016, compared with R$ 1,1 billion this year.

As a consequence, Usiminas will renegotiate its debt with its creditors, according to the Financial Vice President, Ronald Seckelmann.