AT A GLANCE: CSN posts record Q4 earnings on steel, iron ore performance

A summary of production figures and financial results from Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) for the fourth quarter and full-year 2020, as stated in its earnings report published on Monday February 22.

In brief

Power shortages and the stoppage of the No2 blast furnace at the Presidente Vargas mill (UPV) until mid-November drove slab output down during the fourth quarter. Slab production costs were 2,397 Reais ($441) per tonne in the fourth quarter, a 21.2% year-on-year increase from 1,978 Reais per tonne in the same quarter in 2019, amid the strengthening of the US dollar against the Real and higher raw materials costs. The start...

Published

Renato Rostás

February 23, 2021

13:40 GMT

São Paulo