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CSN’s Profit Falls 39 Percent on Lower Iron-Ore Sales
Mar. 29, 2011 08:35AM PST
Base Metals Investing
Bloomberg reports Cia. Siderurgica Nacional (SAO:CSNA3), Brazil’s third-largest steelmaker, fourth-quarter profits fell 39 percent on lower iron-ore sales.
Bloomberg reports Cia. Siderurgica Nacional (SAO:CSNA3), Brazil’s third-largest steelmaker, fourth-quarter profits fell 39 percent on lower iron-ore sales.
The article is quoted as saying,
Iron-ore sales including those of its Namisa unit fell 8 percent during the quarter to 6.4 million metric tons. Total crude steel production climbed 4 percent to 1.23 million metric tons in the quarter, CSN said.