Brazilian steelmaker Companhia Siderurgica Nacional (CSN) has not yet released its Q1 results, but the company reported certain anticipated results this week.
The company announced it will not meet the timeline set by the Brazilian securities exchange commission (CVM) to release its Q1 results due to a restructuring that resulted in the merger of its logistics and mining segments, causing it to delay its reporting.
CSN said net revenues in Q1 rose 15 percent, year-on-year, to BRL 4.4 billion ($1.42 billion).
Steel sales volumes in Q1 declined 4 percent, year-on-year, to 1.19 million mt, while iron ore sales volumes in the same period dropped 13 percent, year-on-year, to 7.2 million mt.
The company’s adjusted EBITDA in Q1 surged 82 percent, year-on-year, to BRL 1.3 billion ($420.4 million), the company said.
USD = BRL 3.09 (May 16)