|Bid||11.95 x 0|
|Ask||11.86 x 0|
|Day's Range||11.84 - 11.84|
|52 Week Range||7.81 - 18.27|
|Beta (3Y Monthly)||1.83|
|PE Ratio (TTM)||6.65|
|Earnings Date||Oct 29, 2019|
|Forward Dividend & Yield||0.95 (7.72%)|
|1y Target Est||10.46|
CSN posted a net loss of 871 million reais ($216 million) in the quarter ending in September, the company said in a statement. CSN was also impacted by delays in resuming operations at one of its blast furnaces. The company has a stake in Usiminas, another steelmaker, whose value CSN said declined by more than 300 million reais during the quarter.
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South American steel producer Companhia Siderurgica Nacional (SID) posted an all-time high at $26.23 in 2008 and sold off during the economic collapse, bouncing at $3.93. A lower high in 2010 gave way to renewed selling pressure that broke support in 2013, ahead of a steep decline that ended at a 13-year low in 2016.
Moody's Investors Service ("Moody's") comments that Companhia Siderurgica Nacional (CSN)'s B2/Ba1.br corporate family ratings, and B2 senior unsecured ratings of its wholly-owned subsidiary CSN Resources S.A., and stable outlook remain unchanged following the company's announcement that it plans to issue an add-on to its in senior unsecured notes due 2023 and fully guaranteed by Companhia Siderurgica Nacional (CSN). This transaction will be a second add-on to the original $350 million notes issued in February 2018 and reopened in April 2019, with an additional $ 400 million.
Turkey has decided not to impose tariffs on steel imports from Brazil after concluding an investigation into a dispute between the two countries, Brazil's Economy Ministry and Foreign Ministry said on Friday. "This is an important outcome for economic and trade relations between Brazil and Turkey, because the decision involves a sector of great importance for both countries," the two ministries said in a joint statement. In 2016 and 2017, Brazilian exports of steel products to Turkey averaged 400,000 tons a year, the statement said.
Brazilian steelmaker Cia Siderurgica Nacional (CSN) said a spillage in the steelworks of its Volta Redonda plant affected at least 20 employees on Wednesday and stopped production in the affected area. A spokesman for the company said the rest of the plant in the state of Rio de Janeiro was still working and the affected area would resume operations later on Wednesday. Analysts at Itaú BBA said in a note to clients that the incident was a slightly negative for CSN shares.
Brazilian steelmaker Companhia Siderurgica Nacional said on Thursday it is still in talks for a $500 million iron ore streaming deal and is close to reaching an agreement to sell its German unit. In a conference call with analysts, Chief Executive Benjamin Steinbruch said he is pushing for the right price to sell the German unit, which is key to hitting a debt reduction target by the end of the year. Steinbrunch also pledged better results in the next quarter, after CSN announced late on Wednesday that quarterly profit plunged to 87 million reais ($22 million), from 1.5 billion reais a year earlier.
Brazilian steelmaker Companhia Siderurgica Nacional on Wednesday reported a net profit of 87 million reais ($22.2 million) in the first quarter, sharply down from its profit of 1.5 billion reais in the same period a year earlier. CSN's sales of processed steel fell by 8 percent to 1.2 million tonnes, while its sales of iron ore grew by 19 percent to 7.4 million tonnes.
SÃO PAULO, May 6, 2019 /PRNewswire/ -- Companhia Siderúrgica Nacional (" CSN ") (NYSE: SID), announced today the expiration of the previously announced cash tender offers by its subsidiary, ...
Rating Action: Moody's upgrades CSN's ratings to B2; stable outlook. Global Credit Research- 29 Apr 2019. New York, April 29, 2019-- Moody's Investors Service upgraded to B2 from B3 the ratings assigned ...
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SÃO PAULO, April 26, 2019 /PRNewswire/ -- Companhia Siderúrgica Nacional (" CSN ") (NYSE: SID) announced today the early results of the previously announced cash tender offers by its subsidiary, ...
SÃO PAULO, April 11, 2019 /PRNewswire/ -- Companhia Siderúrgica Nacional ("CSN") (SID) announced today that its subsidiary, CSN Resources S.A. ("CSN Resources"), has amended the terms of its previously announced cash tender offers to increase the aggregate principal amount of Notes (as defined below) that will be accepted for purchase from U.S.$750 million to U.S.$1 billion.
After emerging from one of the most difficult periods in its history, 2019 is shaping up to be a bumper year for Brazilian steelmaker Companhia Siderurgica Nacional, chief executive Benjamin Steinbruch ...
Moody's Investors Service ("Moody's") assigned a B3 rating to the $750 million proposed senior unsecured notes due up to 7 years to be issued by CSN Resources S.A. and unconditionally guaranteed by Companhia Siderurgica Nacional (CSN) (B3 stable). The proposed issuance is part of CSN's liability management strategy and proceeds will be used to fund a tender offer of $750 million for CSN's notes maturing in 2019 and 2020.
SÃO PAULO, April 5, 2019 /PRNewswire/ -- Companhia Siderúrgica Nacional (" CSN ") (NYSE: SID), announced today that its subsidiary, CSN Resources S.A. (" CSN Resources "), has commenced: ...
Most Latin American currencies steadied on Monday as investors shifted from the safe-haven dollar after the United States extended a tariff relaxation on Chinese imports, a step closer to resolving trade ...
Stocks in Brazil received a modest boost on Thursday from corporate earnings and with pension reforms in focus but losses in the energy and material sector capped gains, while Latin American currencies weakened against a steady U.S. dollar. Shares on the Bovespa index in Sao Paulo recovered from an over 1 percent drop in the previous session as market participants were still trying to understand the detailed text of pension reforms presented to Congress on Wednesday. In earnings, Brazilian steelmaker Companhia Siderurgica Nacional was the biggest gainer after it posted stellar numbers for the fourth quarter by benefiting from higher international prices amid a trade spat between the United States and China.