Profile
Sector:
Basic MaterialsIndustry:
Steel & IronCountry:
BrazilIPO:
18 November 1996Website:
http://www.csn.com.brNext earnings report:
26 November 2024Last dividends:
22 May 2024Next dividends:
N/APrice
regular market | 1 min agoAnalysts recommendations
Institutional Ownership
SID Latest News
Companhia Siderúrgica Nacional (NYSE:SID ) Q3 2024 Earnings Conference Call November 13, 2024 9:30 AM ET Company Participants Marco Rabello - CFO and IRO Helena Guerra - ESG and Sustainability Director Benjamin Steinbruch - President, Executive Board, Chairman and CEO Luis Martinez - Executive Director, Commercial and Logistics Area & Member of Executive Board Edvaldo Rabelo - Director, Cement Business Conference Call Participants Barbara Soares - Itau BBA Ricardo Monegaglia - Safra Gabriel Simões - Goldman Sachs Pamela Bordes - Bradesco BBI Operator Good morning, ladies and gentlemen. At this time, we would like to welcome everyone to CSN Conference Call to present Results for the Third Quarter 2024.
Alphabet (GOOGL) saw a 5.8% after-market pop post-earnings, challenging our SID Sell signal driven by technical and fundamental analysis. Positive signals before earnings included strong Demand on the 20-day chart and a Buy signal in the SAR column, indicating smart money activity. Despite the earnings bounce, our SID signal remains Sell due to a price drop testing the 200-day uptrend, requiring further good news for a Buy signal.
Arista Networks tops our SID system's buy-on-weakness list, signaling a potential retest of old high resistance because it has our SID Buy Signal. Strong fundamental and technical signals, including improving money flow and MACD, support our buy signals. Positive SA analyst ratings and technical indicators like CMF and Full Stochastic suggest rising demand and price movement towards previous highs.
National Steel's (SID) Q2 domestic revenues fall 4.3% y/y, while international business revenues improve 2.7%.
National Steel's (SID) domestic revenues decrease 7.3% y/y, while international sales increase 25.1% in Q4.
Companhia Siderúrgica Nacional, facing challenges in a cyclical sector, demonstrated resilience amid weaker global economic growth, influencing iron ore and steel prices. Limited demand in the Brazilian and Chinese steel markets affected CSN's revenues, putting pressure on costs due to reduced expense distribution. A notable rebound in iron ore prices in H2 2023, driven by a positive turnaround in China's construction sector, signals a favorable outlook for CSN's performance.
What type of business is Companhia Siderúrgica Nacional?
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products. It also provides steel cutting services; produces and sells cement; operates railway and port facilities; and generates electric power from its thermoelectric co-generation and hydroelectric power plants. In addition, the company explores for iron ore reserves at Casa de Pedra and Engenho mines located in the city of Congonhas; and limestone and dolomite at the Bocaina mine located in the city of Arcos in the state of Minas Gerais, Brazil, as well as produces tin. Companhia Siderúrgica Nacional was founded in 1941 and is headquartered in São Paulo, Brazil.
What sector is Companhia Siderúrgica Nacional in?
Companhia Siderúrgica Nacional is in the Basic Materials sector
What industry is Companhia Siderúrgica Nacional in?
Companhia Siderúrgica Nacional is in the Steel & Iron industry
What country is Companhia Siderúrgica Nacional from?
Companhia Siderúrgica Nacional is headquartered in Brazil
When did Companhia Siderúrgica Nacional go public?
Companhia Siderúrgica Nacional initial public offering (IPO) was on 18 November 1996
What is Companhia Siderúrgica Nacional website?
https://www.csn.com.br
Is Companhia Siderúrgica Nacional in the S&P 500?
No, Companhia Siderúrgica Nacional is not included in the S&P 500 index
Is Companhia Siderúrgica Nacional in the NASDAQ 100?
No, Companhia Siderúrgica Nacional is not included in the NASDAQ 100 index
Is Companhia Siderúrgica Nacional in the Dow Jones?
No, Companhia Siderúrgica Nacional is not included in the Dow Jones index
When was Companhia Siderúrgica Nacional the previous earnings report?
No data
When does Companhia Siderúrgica Nacional earnings report?
The next expected earnings date for Companhia Siderúrgica Nacional is 26 November 2024