Member access

4-Traders Homepage  >  Shares  >  BOLSA DE VALORES DE SAO PAULO  >  Companhia Siderurgica Nacional    CSNA3   BRCSNAACNOR6

End-of-day quote. End-of-day quote BOLSA DE VALORES DE SAO PAULO - 11/27
6 BRL   -2.44%
11/14DJCOMPANHIA SIDERURGICA NACIONAL : Brazil's CSN Posts Third-Quarter Loss
11/14 COMPANHIA SIDERURGICA NACIONAL : CSN announces 3Q14 Results
11/11 TUESDAY'S ETF MOVERS : Gdxj, ilf
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

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

04/25/2012 | 05:11pm US/Eastern

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, diana.kinch@dowjones.com

React to this article
Latest news on COMPANHIA SIDERURGICA NACI
11/14DJCOMPANHIA SIDERURGICA NACIONAL : Brazil's CSN Posts Third-Quarter Loss
11/14 COMPANHIA SIDERURGICA NACIONAL : CSN announces 3Q14 Results
11/11 TUESDAY'S ETF MOVERS : Gdxj, ilf
11/11DJBrazil Stocks Sink as Citi Cuts Outlook on Vale
11/11COMPANHIA SIDERURGICA NACIONAL : quaterly earnings release
11/06 PETROLEO BRASILEIRO PETROBRAS : Thursday's ETF Movers: GDXJ, ILF
11/03 Analysis - Brazil's BNDES in spotlight as Rousseff faces fiscal pressure
10/24 FRIDAY'S ETF MOVERS : Ilf, gdxj
08/19 COMPANHIA SIDERURGICA NACIONAL : Material Fact - Share Buyback Program
08/19DJCOMPANHIA SIDERURGICA NACIONAL : Brazil's CSN to Buy Back Up to $127 Million of ..
Advertisement
Chart
Duration : Period :
Companhia Siderurgica Naci Technical Analysis Chart | CSNA3 | BRCSNAACNOR6 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF