Companhia Siderurgica Nacional News

Brazil's second-largest steelmaker Companhia Siderrgica Nacional has dropped 15% in the past week in the wake of sub-par earnings.

RIO DE JANEIRO Brazilian steelmaker Companhia Siderurgica Nacional SA plans to raise its domestic steel products prices by between 5% and 7% by the end of the second quarter, as the company wins back market share from imports, a CSN executive said Friday.The price rises should be more prominent on hot rolled band and coated products, including ... (more)

RIO DE JANEIRO Brazilian steelmaker Companhia Siderurgica Nacional SA , or CSN, said Friday it will take measures to "protect" its "strategic" investment in shares of rival flat products steelmaker Usinas Siderurgicas de Minas Gerais SA , or Usiminas.CSN is seeking to make more flexible a recent ruling by Brazil's antitrust body, know as Cade, that ... (more)

Brazilian stocks fell Friday afternoon, capping a losing week with a pullback in shares of miner Vale SA and a nearly 3% decline in Companhia Siderurgica Nacional SA shares following a drop in the steel producer's quarterly profit.

Brazil's second-largest steel maker Companhia Siderurgica National has a high dividend yield, low short float and strong technicals, offering an opportunity for emerging market investors to buy at a low price.