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Brazil steelmaker CSN aims at keeping net debt to EBITDA ratio below 2x at end 2021
Brazil's CSN maintains original schedule for IPO of mining unit - filing
Brazilian steelmaker CSN revises debt outlook
Companhia Siderurgica Nacional is a Brazil-based company engaged in the steel industry. The Company operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Company operates in five segments: Steel, Mining, Cement, Logistics and Energy. The Steel segment focuses on the production, distribution and sale of flat steel, long steel, metallic containers and galvanized steel, with operations in Brazil, the United States, Portugal and Germany. The Mining segment encompasses the activities of iron ore and tin mining. The Cement segment is responsible for the cement production, distribution and sale operations. The Logistics segment manages port terminal for containers, as well as railway networks. The Energy segment includes generation of electric power. The Company is controlled by Vicunha Acos SA.
Misc. Fabricated Products
Av. Brigadeiro Faria Lima
3400,20 andar, Itaim Bibi
Chairman of the Board, Chief Executive Officer
Marcelo Cunha Ribeiro
Chief Financial Officer, Investor Relations Officer
Luis Fernando Barbosa Martinez
David Moise Salama
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Brazilian steelmaker Cia Siderurgica Nacional is working with the investment banking units of Banco Bradesco SA and JPMorgan Chase & Co to arrange the initial public offering of its cement unit, two sources with knowledge of the matter said.
Brazilian miner CSN Mineracao aims to be valued at between 47.5 billion and 63 billion reais ($11.91 billion) in an initial public offering to be launched by Friday, the Estadao newspaper reported on Thursday.
Brazilian steelmaker CSN SA said on Monday it had filed for an initial public offering for its mining subsidiary on the Sao Paulo stock exchange, according to a securities filing.
Steelmakers Usiminas, CSN and ArcelorMittal SA are planning to hike prices of steel for November delivery in Brazil, analysts at investment bank BTG Pactual wrote in a note to clients on Thursday.
Brazilian steelmaker Companhia Siderurgica Nacional <CSNA3.SA> has hired banks to manage the initial public offering of its mining unit, CSN Mineracao, newspaper Valor Economico reported on Tuesday.
Brazilian steelmaker Companhia Siderurgica Nacional said on Wednesday it expects to meet its iron ore sales forecast issued at the beginning of the year, despite the economic crisis triggered by the coronavirus pandemic.
Brazilian steelmaker CSN SA has decided to turn off its second blast furnace at its unit in Rio de Janeiro to adjust production to falling demand.
An employee of Cia Siderúrgica Nacional SA, Brazil's second-largest producer of flat steel products, was diagnosed with new coronavirus in Sao Paulo, a source at the company said on Tuesday.
Brazil steelmaker Companhia Siderúrgica Nacional <CSNA3.SA> is looking again at the possibility of filing for an initial public offering of its mining unit, CEO Benjamin Steinbruch said on Thursday.
Brazil steelmaker Companhia Siderúrgica Nacional said on Thursday that it has not been impacted by a new coronavirus outbreak, and that Asian clients are still buying its iron ore.
Brazilian steelmaker Companhia Siderurgica Nacional (CSN)<CSNA3.SA> reported on Wednesday a net loss in the third quarter due to the depreciation of the local currency, as well as a drop in value of its stake in another steelmaker.
Brazilian steelmaker Companhia Siderurgica Nacional posted a net loss of 871 million reais ($216 million) in the third quarter due to the depreciation of the local currency, as well as a drop in value of its stake in another mining company.
* BRAZILIAN STEELMAKER CSN SAYS EXPANDS IRON ORE CONTRACT WITH GLENCORE
Brazilian steelmaker Cia Siderurgica Nacional (CSN) said a spillage in the steelworks of its Volta Redonda plant affected at least 20 employees on Wednesday and stopped production in the affected area.
Brazilian steelmaker Cia Siderurgica Nacional (CSN) said a spillage in the steelworks of its Volta Redonda plant, in the state of Rio de Janeiro, affected at least 20 employees on Wednesday and stopped production in the affected area.
Brazilian steelmaker Companhia Siderurgica Nacional said on Thursday it is still in talks for a $500 million iron ore streaming deal and is close to reaching an agreement to sell its German unit.
Brazilian steelmaker Companhia Siderurgica Nacional on Wednesday reported a net profit of 87 million reais ($22.2 million) in the first quarter, sharply down from its profit of 1.5 billion reais in the same period a year earlier.
After emerging from one of the most difficult periods in its history, 2019 is shaping up to be a bumper year for Brazilian steelmaker Companhia Siderurgica Nacional, chief executive Benjamin Steinbruch said on Thursday.
Cia Siderúrgica Nacional SA , Brazil's second-largest producer of flat steel products, said on Thursday it is considering selling its preferential shares in its larger rival Usinas Siderúrgicas de Minas Gerais SA.
Brazilian steelmaker Cia Siderurgica Nacional (CSN) and port company Porto Sudeste have lodged complaints against miner Vale SA's proposed acquisition of rival Ferrous Resources Ltd, antitrust regulator Cade said on Wednesday.
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