SHARES OF USIMINAS JUMP 15% AFTER NEWS THAT NIPPON STEEL MAY PROPOSE A CASH INJECTION OF US$ 270 MILLION

Shares of Brazilian steelmaker Usiminas jumped 15 percent in early trading in Sao Paulo on Wednesday after news that Japan's Nippon Steel & Sumitomo Metal Corp plans to propose a cash injection of 1 billion reais ($269 million) in the financially strapped company.