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Web earnings declines at CSN in the third quarter

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Brazilian steel as well as iron ore producer CSN published a net revenue of BRL 237.63 million ($ 46.2 million) for Q3 2022, against BRL 369.63 million for Q2 as well as BRL 1.32 billion in Q3 2021. From Q2 2022 to Q3 2022, web sales revenues enhanced by 3.1 percent to BRL 10.90 billion, the cost of products marketed enhanced by 10.5 percent to BRL 8.36 billion, gross revenue declined by 15.5 percent to BRL 2.54 billion, and also operational profit decreased by 36.4 percent to BRL 1.13 billion.By quantity, CSN offered 1.160 million mt of steel items in Q3, 8.8 percent greater than in Q2, of which 859,000 mt in the domestic market and 301,000 mt exported.Iron ore sales raised by 20 percent to 9,095 million mt, of which 1.122 million mt in the residential market as well as 7.973 million mt exported.Net sales profits per area of activity were 70.6 percent to the steel location, 23.1 percent to mining, 6.6 percent to logistics, 0.4 percent to power and 7.1 percent to cement.USD = BRL 5.14 (November 1).

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