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

July 29, 2021 / www.metalbulletin.com / Article Link

Brazilian steel and iron ore producer Companhia Sider??rgica 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 Minera????o, 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,...

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