Companhia Siderúrgica Nacional (SID) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Companhia Siderúrgica Nacional (CSN) posted a net revenue of R$11,066.6 million in Q3 2024, showing a 1.7% increase from the previous quarter, driven by a strong performance in the steel segment. However, the company faced a net loss of R$750.9 million due to lower operating income and higher financial expenses, exacerbated by unfavorable iron ore prices. Despite these challenges, CSN demonstrated resilience with record sales in mining and cement, while maintaining efforts to manage debt effectively.
For further insights into SID stock, check out TipRanks’ Stock Analysis page.
