CSN Reports Results for 2020
CSNWiki

CSN Reports Results for 2020

Brazilian steel maker Companhia Siderurgico National announced record results for 2020. Net Revenue of BRL 30,064 million, up by 18% YoY, mainly

Brazilian steel maker Companhia Siderurgico National announced record results for 2020. Net Revenue of BRL 30,064 million, up by 18% YoY, mainly due to the excellent performance in steel and mining, led by a higher gross margin in 4Q20. Adjusted EBITDA was BRL 11,500 million, up by 59% over 2019. Gross Income totalled BRL 10,939 million, up by 34% over 2019.

Total sales reached 4.651 million tonnes, up by 3% over 2019, mainly due to higher sales in the domestic market despite global crisis resulting from COVID. 3.204 million tonne of steel were sold on the domestic market, up by 2% over 2019. As for total sales, flat steel reached 2.979 million tonnes and long steel reached 0.225 million tonnes.

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