CSN Q2 steel sales volumes down 12.1% after blast furnace halt

Sales at Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) dropped by 12.1% in the second quarter from a year earlier because of weakness in markets both at home and abroad, it said.

Its sales volumes totaled 1.16 million tonnes in April-June, down from 1.32 million tonnes in the second quarter of last year, it said in its earnings report on Tuesday July 30. The faltering Brazilian economy put downward pressure sales in Brazil while the sale of its rerolling unit in the United States last year weighed on external shipments, CSN said. CSN sold 771,000 tonnes of steel products in the domestic market in the second quarter, a year-on-year drop of 3.4% from 798,000 tonnes. Exports and sales from its foreign affiliates fell by 25.4% to 390,000 tonnes from 523,000 tonnes. Most of the company’s sales in Brazil were of hot-rolled...

Published

Renato Rostás

July 31, 2019

17:16 GMT

São Paulo