International Steel Mills
November 14, 2013
CSN Posts Net Revenue of $2.02 Billion
Written by Sandy Williams
Cia Siderúrgica Nacional SA (CSN) reported a record third quarter with net revenue of $4.7 billion reais ($2.02 billion) , up 15 percent from the second quarter and 23 percent from third quarter 2012. EBITDA rose 51 percent from second quarter to $1.7 billion reais ($731 million) due to strong performance in its steel and mining segments.
CSN announced record third quarter net revenue for its steel operations up 2 percent to $3.2 billion reais ($1.37 billion)on sales of 1.59 million tons of steel. Weaker sales volume of 1.5 million tonnes, compared to the second quarter, was offset by higher prices for flat steel and a reduced Brazilian currency rate for exports.
