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01 Nov
11:15

CSN Mineração reduces production guidance, despite third-quarter growth

CSN Mineração, Brazil-based Companhia Siderúrgica Nacional’s mining arm, saw its third-quarter performance improve sequentially. Iron ore production, however, remained weaker on-year, while falling international raw material prices and reduced Chinese demand impacted the company’s revenue, Kallanish notes. “The quarter was marked by a resumption of production capacity, increased commercial activity and strong dilution of fixe…
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