trending Market Intelligence /marketintelligence/en/news-insights/trending/y0up4n9kysvggh0i24qfpw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Brazil's CSN returns to profit for Q4, FY'17

State of the Market: Mining Q1-2020

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results


Brazil's CSN returns to profit for Q4, FY'17

Cia. Siderúrgica Nacional said March 26 that it swung to a profit of 377.4 million Brazilian reais in the fourth quarter of 2017 from a loss of 55.7 million reais in the same year-ago period.

Net revenue in the quarter increased 10% year over year to 4.99 billion reais, from 4.52 billion reais. CapEx for the period was 344 million reais, 23% lower than 2016 figures of 452 million reais.

The Brazilian steelmaker's total steel sales in the fourth quarter increased 6% yearly to 1.3 million tonnes, while iron ore sales rose 4% to 9.6 million tonnes.

For full year 2017, the company likewise swung to a profit of 111.2 million reais, from a loss of 853.1 million reais in 2016.

Net revenue in the year ended Dec. 31, 2017, rose 8% to 18.53 billion reais, from 17.15 billion reais in the comparable year-ago period, which was attributed to increases in steel product prices and higher iron ore prices. Full-year CapEx fell 35% to 1.07 billion reais.

Total steel sales in 2017 remained steady at 4.9 million tonnes, while iron ore sales over the year dropped 12% to 32.6 million tonnes from 37.0 million tonnes previously.

As of March 26, US$1 was equivalent to 3.31 Brazilian reais.