Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Companhia Siderurgica Nacional    CSNA3   BRCSNAACNOR6

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Brazil Flat Steel Inventories Fell To 1.02 Million Tons In March -Sindisider

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/25/2012 | 11:11pm CET

Inventories of flat steel products in Brazil fell to 1.02 million metric tons in March, 14.7% lower than a year earlier, steel distributors association Sindisider said Wednesday.

The inventories fell to the equivalent of 2.7 months' sales, said the association, which is linked to national steel distributors institute Inda. Steel distributors' sales, however, also fell by 0.9% from the year-earlier period, to 379,300 tons, Sindisider said.

Brazilian flat steel inventories soared to the equivalent of more than 4 months of sales in 2010, when imports surged into Brazil, attracted by local market growth, high steel prices in Brazil and the strong real. The price premium in the domestic market has since fallen to about 5% over the price of imported steel as local mills have reduced prices to compete.

After a decline in steel import levels in 2011, imports are now, however, rising again, according to Sindisider's figures. Imports grew to 149,400 tons in March, up 11.3% on March 2011, and have risen 18.4% in the first quarter of the year, Sindisider said.

"The sector already feels the effects of the increase in imports, with a fall in sales" of products produced by Brazilian steel mills, said Sindisider President Carlos Loureiro. "Given this scenario, we expect a fall in April, of about 10%, in both distributors' purchases and sales."

-By Diana Kinch, Dow Jones Newswires, Tel: 55 21 2586 6086, [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COMPANHIA SIDERURGICA NACI
10/31 COMPANHIA SIDERURGICA NACIONAL : Sponsored ADR to Host Earnings Call
08/15 COMPANHIA SIDERURGICA NACIONAL : Material Fact
08/07 MONDAY SECTOR LEADERS : Non-Precious Metals & Non-Metallic Mining, Shipping Stoc..
05/25 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market - NYSE
05/16 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market
05/16 COMPANHIA SIDERURGICA NACIONAL : Material Fact
04/29 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market
03/28 COMPANHIA SIDERURGICA NACIONAL : Material Fact
2016 COMPANHIA SIDERURGICA NACIONAL : Material Fact - Restatement and republication o..
2016 U.S. affirms duties on steel from Brazil, India, UK, South Korea
More news
News from SeekingAlpha
10/09 ENERGY/MATERIALS - TOP GAINERS / LOS : 00 pm
10/03 ENERGY/MATERIALS - TOP GAINERS / LOS : 00 pm
10/02 'UNDER THE RADAR' STEEL NEWS : September 2017
09/25 ENERGY/MATERIALS - TOP GAINERS / LOS : 00 pm
09/01 ENERGY/MATERIALS - TOP GAINERS / LOS : 00 pm
Financials ( BRL)
Sales 2017 18 866 M
EBIT 2017 2 917 M
Net income 2017 -201 M
Debt 2017 24 706 M
Yield 2017 0,23%
P/E ratio 2017 134,03
P/E ratio 2018 116,44
EV / Sales 2017 1,88x
EV / Sales 2018 1,76x
Capitalization 10 712 M
Chart COMPANHIA SIDERURGICA NACI
Duration : Period :
Companhia Siderurgica Naci Technical Analysis Chart | CSNA3 | BRCSNAACNOR6 | 4-Traders
Technical analysis trends COMPANHIA SIDERURGICA NACI
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 11
Average target price 6,80  BRL
Spread / Average Target -12%
EPS Revisions
Managers
NameTitle
Benjamin Steinbruch Chairman & Chief Executive Officer
Marcelo Cunha Ribeiro Chief Financial Officer
Fernando Perrone Independent Director
Yoshiaki Nakano Independent Director
Antonio Bernardo Vieira Maia Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
COMPANHIA SIDERURGICA NACIONAL-31.71%3 292
ARCELORMITTAL12.41%28 455
POSCO--.--%24 970
NIPPON STEEL & SUMITOMO METAL CORP-2.85%21 506
FOSUN INTERNATIONAL LIMITED55.66%18 758
NUCOR CORPORATION-7.93%17 422