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CSN posts positive results in Q3 and expects more favorable 2025

29 Nov 2024 16:51 reported by Raul Lee

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The Brazilian steel company Companhia Siderúrgica Nacional (CSN) recorded the third quarter of 2024 with growth and records in production and sales in all sectors.

Specifically, in the mining sector, the company achieved a record in production and sales, while in the steel industry, sales in the domestic market were robust, with a 5% reduction in production costs. Also, the cement sector presented an EBITDA margin of 28%, higher than the sector´s average.

Benjamin Steinbruch, the company's CEO, expressed optimism about the future and stated that the company is preparing for a more favorable scenario in 2025, after a difficult period in 2023 and 2024. He stressed that CSN is taking measures to reduce costs and improve performance, especially in mining, where there was an increase in production and sales.

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