International Steel Mills
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/fb724689fdf591b9982252b66ec91f1d.jpg)
CSN Posts Net Revenue of $2.02 Billion
Written by Sandy Williams
November 14, 2013
Cia Siderúrgica Nacional SA (CSN) reported a record third quarter with net revenue of $4.7 billion reais ($2.02 billion) , up 15 percent from the second quarter and 23 percent from third quarter 2012. EBITDA rose 51 percent from second quarter to $1.7 billion reais ($731 million) due to strong performance in its steel and mining segments.
CSN announced record third quarter net revenue for its steel operations up 2 percent to $3.2 billion reais ($1.37 billion)on sales of 1.59 million tons of steel. Weaker sales volume of 1.5 million tonnes, compared to the second quarter, was offset by higher prices for flat steel and a reduced Brazilian currency rate for exports.
Steel revenue for the first nine months of 2013 came to $9.3 billion reais ($4 billion), up 17 percent from the same period in 2012. Steel sales of 4.7 million tonnes for the first nine months reached a new record and was up 8 percent year-over-year.
Iron ore sales were up 27 percent from second quarter at 7.7 million tonnes, all exported and boosted by higher demand in China. CSN’s consumption from its iron ore mines was 1.5 million tons. Net revenue from mining operations was 1.65 billion reais ($709 million)—67 percent higher than Q2 2013 due to higher sales volume and prices.
No Announcement Regarding ThyssenKrupp
The company was asked about the status of negotiations with ThyssenKrupp to which CSN responded:
“Thank you very much for your questions. Regarding the M&A transactions, I wouldn’t like to comment. We don’t want to disclose any deals. You know that CSN is always evaluating operations that could add value to our shareholders and the only thing I’d like to make clear is that as we have already said in the past, we won’t do anything that is not economically sensible. We’re always trying to add value to the shareholders, provide returns to our shareholders. So what I can tell you at the moment is that there are no binding operations and that we are always trying to close deals that will add value to our shareholders.”
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/sandy-williams.jpeg)
Sandy Williams
Read more from Sandy WilliamsLatest in International Steel Mills
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/SSAB.png)
SSAB adjusts output in weak Q3, readies for Q4 rebound
SSAB said lower plate prices in the US were the primary reason for reduced results in the second quarter. With a dismal Q3 outlook, the Swedish steelmaker is adjusting production across its facilities. That includes moving up its annual US mill outage in anticipation of a better Q4. SSAB Americas Revenues in the Americas segment […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/worldsteel_logo.png)
Global steel production dipped in June
Global steel output eased 2% in June following May’s 14-month high, according to World Steel Association’s (worldsteel) latest release.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/ArcelorMittal.png)
Union rejects proposal to end strike at ArcelorMittal Mexico
The local mining union has rejected a proposal to end the labor strike at ArcelorMittal Mexico’s Lazaro Cardenas mill and Las Truchas mine in Michoacán, Mexico.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/NLMK.png)
NLMK mill targeted in Ukrainian drone attack
Novolipetsk Steel’s (NLMK) mill in Lipetsk, Russia, was the target of a raid by Ukrainian drones on Sunday, according to a Reuters report.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/06/USS-logo.png)
USS and Nippon clarify position on US trade case participation
U.S. Steel and Nippon Steel explained their position on USS’ participation in US trade cases should their proposed nearly $15-billion merger deal go through. The companies hope to close the deal by the end of the year.