Brazilian steelmaker Companhia Siderurgica Nacional’s net profit in Q2 this year surged up 1,136% YoY to BRL 5.51 billion (USD1.1 billion) while net revenues in rose 147% YoY to BRL 15.39 billion (USD 2.9 billion), due to stronger iron ore and steel selling prices Adjusted EBITDA in Q2was BRL 8.17 billion (USD 1.58 billion), 324% YoY. Steel sales volumes in Q2 this year reached 1.28 million tonnes, up 28% YoY while iron ore sales volumes grew by 18% YoY to 9.11 million tonnes.CSN's Plate Production in Q2 of 2021 totaled 971,000 tonnes, 4% lower than in Q1 of 2021, due to preventive maintenance of the Blast Furnace #3, started in early June. The production of Flat Laminates, which is our main market, had an increase of 5% compared to the previous quarter. In the second quarter of 2021, CSN's Total Sales reached 1,281,000 tonnes, 27% higher than in the second quarter of 2020, mainly due to the continuous observed recovery in the domestic market. Compared to the previous quarter, there was a 2.7% drop in sales due to the lower volume of exported products and a small decrease in SWT sales. Domestic Sales totaled 896,000 tonnes of steel products, an amount only 2% lower than in Q1 of 2021. Of this total, 840,000 tonnes refer to flat steel and 56,000 tonnes to long steel. The foreign market sales Q2 of 2021 totaled 386,000 tonnes, practically stable compared to the same period of the previous year and 4.7% lower than in Q1, as a consequence of the lower exported volume (prioritization of the domestic market) and the reduction of SWT sales. In this period, 26,000 tonnes were directly exported, 360,000 tonnes were sold by subsidiaries abroad, 64,000 tonnes by LLC, 200,000 tonnes by SWT and 96,000 tonnes by Lusosider.CSN's iron ore production totaled 10.5 million tonnes in Q2 of 2021, a volume 25.4% higher than in the previous quarter, due to the seasonality of the drought period, allowing a better production yield. Additionally, there was also an increase in purchases of ore from third parties throughout Q2, taking advantage of the strong price conditions observed in the period. Sales volume reached 9.1 million tonnes,10.8% higher than the previous quarter due to the increased availability of ore and a heated transoceanic market.
Brazilian steelmaker Companhia Siderurgica Nacional’s net profit in Q2 this year surged up 1,136% YoY to BRL 5.51 billion (USD1.1 billion) while net revenues in rose 147% YoY to BRL 15.39 billion (USD 2.9 billion), due to stronger iron ore and steel selling prices Adjusted EBITDA in Q2was BRL 8.17 billion (USD 1.58 billion), 324% YoY. Steel sales volumes in Q2 this year reached 1.28 million tonnes, up 28% YoY while iron ore sales volumes grew by 18% YoY to 9.11 million tonnes.CSN's Plate Production in Q2 of 2021 totaled 971,000 tonnes, 4% lower than in Q1 of 2021, due to preventive maintenance of the Blast Furnace #3, started in early June. The production of Flat Laminates, which is our main market, had an increase of 5% compared to the previous quarter. In the second quarter of 2021, CSN's Total Sales reached 1,281,000 tonnes, 27% higher than in the second quarter of 2020, mainly due to the continuous observed recovery in the domestic market. Compared to the previous quarter, there was a 2.7% drop in sales due to the lower volume of exported products and a small decrease in SWT sales. Domestic Sales totaled 896,000 tonnes of steel products, an amount only 2% lower than in Q1 of 2021. Of this total, 840,000 tonnes refer to flat steel and 56,000 tonnes to long steel. The foreign market sales Q2 of 2021 totaled 386,000 tonnes, practically stable compared to the same period of the previous year and 4.7% lower than in Q1, as a consequence of the lower exported volume (prioritization of the domestic market) and the reduction of SWT sales. In this period, 26,000 tonnes were directly exported, 360,000 tonnes were sold by subsidiaries abroad, 64,000 tonnes by LLC, 200,000 tonnes by SWT and 96,000 tonnes by Lusosider.CSN's iron ore production totaled 10.5 million tonnes in Q2 of 2021, a volume 25.4% higher than in the previous quarter, due to the seasonality of the drought period, allowing a better production yield. Additionally, there was also an increase in purchases of ore from third parties throughout Q2, taking advantage of the strong price conditions observed in the period. Sales volume reached 9.1 million tonnes,10.8% higher than the previous quarter due to the increased availability of ore and a heated transoceanic market.
