• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

CSN's Q1 profits deteriorate by 89%

  • A
  • A
  • A
According to report, Brazilian steelmaker Companhia Siderurgica Nacional’s (CSN) reported its net profit declined by 89% in the first quarter from the fourth quarter in 2011 to BRL93 million.

However, sales of steel products rose by 9% quarter-on-quarter to 1.3 million tons. But revenue after taxes declined by 7% from Q4 2011 to BRL3.8 billion.

Exports jumped significantly by 84% to 269,000 tons. The company also reported it has completed the acquisition of Stahlwerk Thuringen GmbH (SWT) in January and it will start to sell 117,000 tons of steel during the quarter.
News Date 14 May 2012 15:15:45 reported by Judy Lin

NLMK sees Q1 profit jump ...
Finance and economy
26 May 2015 09:20
Russian steel product output down in April...
Finance and economy
25 May 2015 07:56
China’s steel output slightly down in early May...
Finance and economy
22 May 2015 16:00
China's steel export hikes 11.6% while general exp...
Finance and economy
22 May 2015 14:12
Posco to sell 30% stake in construction unit to Sa...
Finance and economy
19 May 2015 17:15
Most Popular