• 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

Chinalco reports net loss in 2014...
Finance and economy
27 Mar 2015 15:57
Ukraine's steel export values in Feb...
Finance and economy
27 Mar 2015 10:33
Deficit of steel trade between Latin America, Chin...
Finance and economy
27 Mar 2015 09:37
Cliffs Natural Resources sells chromite assets to ...
Finance and economy
26 Mar 2015 10:13
Russian MMK posts net loss for 2014...
Finance and economy
23 Mar 2015 09:51
Most Popular