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 Siderúrgica 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 SIDERÚRGICA NACI
01/04 THURSDAY SECTOR LEADERS : Waste Management, Non-Precious Metals & Non-Metallic M..
01/04 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market
2017 COMPANHIA SIDERURGICA NACIONAL : Material Fact - Disclosure of ITRs for the firs..
2017 COMPANHIA SIDERURGICA NACIONAL : Material Fact - 20F
2017 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market – Change of Independ..
2017 COMPANHIA SIDERURGICA NACIONAL : Sponsored ADR to Host Earnings Call
2017 COMPANHIA SIDERURGICA NACIONAL : Material Fact
2017 MONDAY SECTOR LEADERS : Non-Precious Metals & Non-Metallic Mining, Shipping Stoc..
2017 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market - NYSE
2017 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market
More news
News from SeekingAlpha
2017 Companhia Siderurgica reports Q1 results
2017 ENERGY/MATERIALS - TOP GAINERS / LOS : 00 pm
2017 ENERGY/MATERIALS - TOP GAINERS / LOS : 00 pm
2017 'UNDER THE RADAR' STEEL NEWS : September 2017
2017 ENERGY/MATERIALS - TOP GAINERS / LOS : 00 pm
Financials ( BRL)
Sales 2017 18 687 M
EBIT 2017 2 762 M
Net income 2017 -368 M
Debt 2017 24 852 M
Yield 2017 0,16%
P/E ratio 2017 -
P/E ratio 2018 184,75
EV / Sales 2017 2,14x
EV / Sales 2018 1,99x
Capitalization 15 124 M
Chart COMPANHIA SIDERÚRGICA NACI
Duration : Period :
Companhia Siderúrgica Naci Technical Analysis Chart | CSNA3 | BRCSNAACNOR6 | 4-Traders
Technical analysis trends COMPANHIA SIDERÚRGICA NACI
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 12
Average target price 8,14  BRL
Spread / Average Target -25%
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 SIDERÚRGICA NACIONAL30.19%4 514
ARCELORMITTAL9.81%37 783
POSCO--.--%30 880
NIPPON STEEL & SUMITOMO METAL CORP-1.51%25 227
NUCOR8.45%21 920
FOSUN INTERNATIONAL LIMITED5.87%20 315