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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 Mining Cos Say Government Stimulus 'First Step' To Competitiveness Boost

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04/04/2012 | 12:17am CEST

Brazil's new industrial stimulus measures are welcome but only go a "first step" toward boosting the mining industry's competitiveness, the country's mining institute Ibram said Tuesday.

The measures announced won't directly benefit mining companies, Ibram said in an emailed statement. However, they may favor mining companies in the long term as logistics should improve via incentives given to railroad and port development, which should reduce ore transport costs, Ibram said.

Earlier Tuesday the Brazilian government announced a broad package of tax incentives and reduced interest rates on loans for various industrial sectors, in a move to boost the country's industrial output performance, ward off import surges, and boost international competitiveness.

The package of measures fails to address specific problems faced by the mining industry, which include high energy prices and lack of sufficient geological research, problems with environmental licensing, creation of conservation areas without an assessment of local geology, water supplies, trained manpower and the overall high tax burden on the sector, Ibram said.

"However, the actions taken could stimulate mineral demand in sectors which benefit from the tax breaks, as well as maintaining mining as a major player in the international market," the institute said.

-By Diana Kinch, Dow Jones Newswires, 55 21 7564 4495 [email protected]

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(MORE TO FOLLOW) Dow Jones Newswires

04-03-12 1816ET

Stocks mentioned in the article
ChangeLast1st jan.
COMPANHIA SIDERÚRGICA NACIONAL 0.00% 8.7 End-of-day quote.8.00%
GERDAU 0.00% 16.52 End-of-day quote.43.46%
MMX MINERAÇÃO E METÁLICOS 0.00% 2.69 End-of-day quote.-5.41%
USINAS SIDERURGICAS DE MINAS GERAIS - USIMINAS 0.00% 9.85 End-of-day quote.17.36%
VALE SA 1.55% 33.36 End-of-day quote.0.00%
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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 1,01%
P/E ratio 2018 23,72
P/E ratio 2019 11,21
EV / Sales 2018 1,83x
EV / Sales 2019 1,68x
Capitalization 12 751 M
Chart COMPANHIA SIDERÚRGICA NACI
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Companhia Siderúrgica Naci Technical Analysis Chart | CSNA3 | BRCSNAACNOR6 | 4-Traders
Technical analysis trends COMPANHIA SIDERÚRGICA NACI
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 13
Average target price 9,30  BRL
Spread / Average Target 1,2%
EPS Revisions
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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