The Brazilian steel and iron ore producer, Companhia Siderúrgica Nacional (CSN), reported a net loss of BRL 731.6 million ($129.4 million) for the first quarter of 2025, compared to a net loss of BRL 84.998 million in the fourth quarter of 2024.
Net sales revenues decreased by 9.3 percent to BRL 10.907 billion, gross profit declined by 33.6 percent to BRL 2.532 billion, and operational profit fell by 31.3 percent to BRL 887.6 million.
A negative financial result amounting to 1.850 billion was the primary factor contributing to negative profitability, which reflects the adverse impact of exchange rate variation on foreign investments.
In terms of volume, domestic sales of steel products decreased by 10.0 percent to 788,000 mt, while steel exports increased by 18.6 percent to 354,000 mt.
Domestic iron ore sales declined by 1.3 percent to 1.040 million mt, whereas iron ore exports fell by 11.1 percent to 8.600 million mt.
Considering the contribution of different sectors of CSN’s operations to EBITDA during the quarter, steel production accounted for 19.3 percent, mining for 55.8 percent, logistics for 14.2 percent, energy for 3.1 percent, and cement for 9.6 percent, excluding internal eliminations.
USD = BRL 5.65 (May 09)