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Brazilian CNS's Mining Division's Sales Revenues in Q1 of 2012 Soars by 39%

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Core prompt: Brazilian steelmaker Companhia Siderurgica Nacional (CSN)’s mining division announced that its sales revenues totaled BRL1.3 billion in the fourth quarter of 2012, soa

Brazilian steelmaker Companhia Siderurgica Nacional (CSN)’s mining division announced that its sales revenues totaled BRL1.3 billion in the fourth quarter of 2012, soaring by 39% from a quarter ago.

In 2012, CSN’s mining division realized sales revenues of BRL4.5 billion, falling by 23% year on year, caused by lower iron ore prices and drop in sales volumes.

Meanwhile, the sales of iron ore totaled 25.8 million tons in 2012, falling by 12% year on year.

keywords: steel, steelmaker, mining

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