AT A GLANCE: Brazil’s CSN reports increased earnings on higher iron ore, steel prices

Brazilian steel and iron ore producer Companhia Siderúrgica Nacional’s (CSN) adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) soared by 324.62% year on year due to higher steel and iron ore prices and sales volumes in the second quarter.

In brief

Sales of iron ore from CSN’s mining division, CSN Mineração, rose by 17.65% year on year during the quarter, to 9.11 million tonnes from 7.74 million tonnes. The figure includes iron ore sales to CSN’s own steel operations. The company also benefited from higher prices during the period. Fastmarkets’ daily index of iron ore 62% Fe fines,...

Published

Felipe Peroni

July 28, 2021

18:52 GMT

São Paulo