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Companhia Siderurgica Nacional (CSNA3.SA)

CSNA3.SA on Sao Paulo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Brazil steelmaker CSN to invest 1.5 bln reais in galvanized steel plant
Thursday, 6 Jun 2019 11:58am EDT 

June 6 (Reuters) - Companhia Siderurgica Nacional ::BRAZILIAN STEELMAKER CSN SAYS IT WILL INVEST 1.5 BILLION REAIS IN SAO PAULO STATE OVER 36 MONTHS.CSN WILL BUILD PLANT WITH CAPACITY TO PRODUCE 350,000 TONNES OF GALVANIZED STEEL PER YEAR -CEO.CSN MAY CLOSE THIS THURSDAY IRON ORE STREAMING DEAL WITH CANADIAN AND BRITISH FUNDS -CEO.BRAZIL MAY HAVE A STEEL SHORTAGE IN THE SECOND HALF OF THE YEAR- CSN CEO.  Full Article

Brazilian Steelmaker Csn Resumes Production After Accident- Statement
Wednesday, 15 May 2019 03:35pm EDT 

May 15 (Reuters) - Companhia Siderurgica Nacional ::BRAZILIAN STEELMAKER CSN RESUMES PRODUCTION AFTER ACCIDENT- STATEMENT.BRAZIL'S CSN SAYS NO MAJOR EQUIPMENT AT VOLTA REDONDA UNIT WAS DAMAGED BY ACCIDENT- STATEMENT.BRAZIL'S CSN SAYS EMPLOYEES TAKEN TO HOSPITAL WERE ALREADY RELEASED, NOW AT THEIR HOMES.  Full Article

Brazil's Industry Group IABR projects 2.2 pct steel production growth in 2019
Thursday, 25 Apr 2019 01:43pm EDT 

April 25 (Reuters) - Companhia Siderurgica Nacional ::BRAZIL'S INDUSTRY GROUP IABR REDUCES EXPECTED 2019 GROWTH FOR STEEL PRODUCTION TO 2.2 PERCENT FROM 2.7 PERCENT.BRAZIL'S INDUSTRY GROUP IABR PREDICTS 4.1 PERCENT OF GROWTH IN STEEL SALES IN BRAZIL.  Full Article

Brazilian steelmaker CSN expects to conclude sale of U.S. unit in 90 days- filing
Monday, 14 May 2018 08:19pm EDT 

May 14 (Reuters) - Companhia Siderurgica Nacional ::BRAZIL'S CSN SAYS BOARD APPROVED SALE OF U.S. UNIT CSN STEEL - FILING.BRAZILIAN STEELMAKER CSN EXPECTS TO CLOSE SALE OF U.S. UNIT TO STEEL DYNAMICS IN 90 DAYS- FILING.BRAZIL'S CSN SAYS DEAL VALUE IS $400 MILLION, TO BE ADJUSTED BY WORKING CAPITAL OF $60 MILLION- FILING.BRAZIL'S CSN SAYS SALE WILL REDUCE STEELMAKER'S NET DEBT BY 1.8 BILLION REAIS- FILING.  Full Article

Brazil's CSN projects net revenue to grow 20 pct y/y in 2018
Wednesday, 28 Mar 2018 06:45pm EDT 

March 28 (Reuters) - Companhia Siderurgica Nacional (CSN) ::BRAZIL'S CIA SIDERURGICA PROJECTS NET REVENUE AND ADJUSTED EBITDA TO INCREASE 20 PERCENT IN 2018 VERSUS 2017 -FILING.BRAZIL'S CSN SAYS IT HIT ITS 2017 ESTIMATE FOR NET REVENUE OF 18 BILLION REAIS AND ADJUSTED EBITDA OF ROUGHLY 5 BILLION REAIS.BRAZIL'S CSN SAYS ACHIEVED NET DEBT OF 5.66 TIMES ADJUSTED EBITDA IN 2017 VERSUS PROJECTION OF 5 TIMES EBITDA.  Full Article

CEO of Brazil's Caixa Economica Federal says 2017 results best in history
Monday, 19 Mar 2018 12:01pm EDT 

March 19 (Reuters) - Caixa Economica Federal [RIC:RIC:CEF.UL]::CEO OF BRAZIL'S STATE-RUN CAIXA ECONOMICA FEDERAL SAYS 2017 RESULTS WERE BEST IN HISTORY, WILL BE RELEASED BY NEXT WEEK.BRAZIL'S CAIXA ECONOMICA FEDERAL WILL REDUCE HOME INTEREST RATES, SAYS CEO.CAIXA CEO SAYS WILLING TO RENEGOTIATE DEBT OF STEELMAKER CSN.  Full Article

UPDATE 1-Brazil's CSN says spillage at Volta Redonda steelworks slows output

RIO DE JANEIRO, May 15 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.