Companhia Siderurgica Nacional’s (CSN) total steel production in Q1 2020 decreased by 5pc to 1.92mn mt from 2mn mt in Q1 2019, but it was 5pc more than the 1.84mn mt it produced in Q4 2019.
The company’s steel slab production in Q1 2020 dropped by 9pc to 855,475mt from 907,185mn mt in Q1 2019, while it rose by 1pc from 847,311mt in Q4 2019. Total flat rolled steel production in the first quarter of the year saw a minimal increase to 841,867mt from 840,960mt in Q1 2019, while it rose by 10pc from 766,571mt in Q4 2019. Compared to Q1 2019, total long rolled steel production in Q1 2020 was flat at 46,266mt, however, it declined by 17pc from 55,338mt in Q4 2019.
CSN’s iron ore production in Q1 2020 declined by 39pc to 5.3mn mt from 8.8mn mt in Q1 2019, and decreased by 33pc from 8mn mt in Q4 2019.
The firm’s total steel sales in the first quarter of the year declined by 3pc to 1.03mn mt from 1.07mn mt in Q1 2019, while it was 2pc higher than the 1.01mn mt in Q4 2019. CSN’s consolidated iron ore sales in Q1 2020 dropped by 37pc to 5mn mt from 8mn mt during the same time last year, and it declined by 46pc from 9.3mn mt in Q4 2019.
CSN’s net revenue from only its steel and iron ore products in Q1 2020 declined by 11pc to $915mn from $1bn in Q1 2019, and dipped by 18pc from $1.1bn in Q4 2019. Its adjusted EBITDA from only steel and iron ore products decreased by 23pc to $228mn from to $296mn in Q1 2019, and it dropped by 16pc from $271mn in Q4 2019.