Companhia Siderurgica Nacional (CSNA3.SA)
R$ 0.15 (+1.41%)
Latest Key Developments (Source: Significant Developments)
: CSN cuts first-quarter cash cost for ore deliveries to China to $31.20 per wet metric tonne (WMT) from $45.40/WMT year earlier -official . Brazilian steelmaker CSN Expects it can cut capital investments below the 1.2 Bln reais expected for 2016 . Brazil steelmaker CSN expects to raise Brazil steel price 10 percent in June . Brazil steelmaker CEO Steinbruch says he expects further cost cuts for iron ore shipment transport costs . Brazil steelmaker CSN chief Steinbruch says he expects EBITDA to increase in coming quarters as cost cutting continues . CEO of Brazilian steelmaker CSN says he's a bit disappointed with first-quarter result, but debt-cutting efforts were hurt by a weaker Brazilian real .CSN says it will maintain its outlook for 5.5 million tonnes of steel sales in 2016, sees little problem passing on price increase. Full Article
SAO PAULO, Feb 7 Brazilian steelmaker Cia Siderúrgica Nacional is considering possible asset sales to reduce debt, but is not "under pressure" as it expects to conclude a refinancing of its debt with state banks, a senior executive told Reuters on Wednesday.