CSN expects higher iron ore sales this year as net income sinks in Q4

Wednesday, 30 March 2011 03:02:03 (GMT+3)   |  
       

Brazil-based steelmaker Companhia Siderurgica Nacional (CSN) expects a surge in iron ore sales in 2011 on the back of a Q4 net income decline.

The decline was primarily attributed to decreased iron ore sales, which fell 8 percent in Q4 to 6.4 million metric tons. CSN plans to invest approximately R$2.4 billion (US$1.4 billion) in 2011 however, and expects iron ore sales to reach 31 million metric tons this year.

Crude steel production rose 4 percent in Q4 2010 to 1.23 million metric tons.

Net income in Q4 amounted to R$450 million (US$271 million) compared to R$738 million (US$445 million) in Q3 2010 and R$743 million (US$448 million) in Q4 2009.


Similar articles

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 26, 2024

26 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 25, 2024

25 Mar | Longs and Billet

Major steel and raw material futures prices in China – March 22, 2024 

22 Mar | Longs and Billet

Major steel and raw material futures prices in China – March 21, 2024 

21 Mar | Longs and Billet

Major steel and raw material futures prices in China – March 20, 2024 

20 Mar | Longs and Billet

Major steel and raw material futures prices in China – March 19, 2024 

19 Mar | Longs and Billet

Major steel and raw material futures prices in China – March 18, 2024 

18 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 15, 2024

15 Mar | Longs and Billet