Usiminas Posts Q3 Net Loss

Brazil's Usinas Siderúrgicas de Minas Gerais SA

posted a net loss in the third quarter. It posted a quarterly net loss of 124.85 million reais ($62 million), versus a year-ago net income of 154.03 million reais. Usiminas posted a loss of 86.51 million reais in the second quarter. However, analysts were expecting a loss of 91.5 million reais. Usiminas shares closed at $4.97 yesterday.