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

COMPANHIA SIDERÚRGICA NACIONAL (CSNA3)
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Brazil Flat Steel Inventories Fell To 1.02 Million Tons In March -Sindisider

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04/25/2012 | 11:11pm CEST

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]

Stocks mentioned in the article
ChangeLast1st jan.
COMPANHIA SIDERÚRGICA NACIONAL 0.00% 9.19 End-of-day quote.10.62%
USINAS SIDERURGICAS DE MINAS GERAIS - USIMINAS 0.00% 10.23 End-of-day quote.17.36%
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Financials ( BRL)
Sales 2018 20 354 M
EBIT 2018 3 367 M
Net income 2018 120 M
Debt 2018 24 480 M
Yield 2018 1,02%
P/E ratio 2018 23,36
P/E ratio 2019 11,04
EV / Sales 2018 1,83x
EV / Sales 2019 1,69x
Capitalization 12 862 M
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Companhia Siderúrgica Naci Technical Analysis Chart | CSNA3 | BRCSNAACNOR6 | 4-Traders
Technical analysis trends COMPANHIA SIDERÚRGICA NACI
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 13
Average target price 9,30  BRL
Spread / Average Target 2,8%
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Managers
NameTitle
Benjamin Steinbruch Chairman & Chief Executive Officer
Marcelo Cunha Ribeiro CFO & Executive Director-Investor Relations
Fernando Perrone Independent Director
Yoshiaki Nakano Independent Director
Antonio Bernardo Vieira Maia Independent Director
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