Brazil’s CSN net profit drops 82% in Q3

Reuters | October 31, 2022 | 5:54 pm Latin America Iron Ore 
Court order forces steelmaker CSN to upgrade safety in dam in Minas Gerais
Image courtesy of CSN

Brazilian steelmaker Companhia Siderurgica Nacional (CSN) said on Monday its third-quarter net profit fell 82% from a year earlier.

The bottom line came in at 238 million reais ($45.95 million), while its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 37% to 2.714 billion reais.

($1 = 5.1796 reais)

(By Carolina Pulice and Peter Frontini)

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