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An announcement from Companhia Siderúrgica Nacional ( (SID) ) is now available.
Companhia Siderúrgica Nacional (CSN) announced updates to its financial projections, highlighting key changes in capital expenditures and production goals across its steel, mining, and cement segments. The company plans to increase its CAPEX in the steel industry to R$8.0 billion by 2028, while reducing expansion CAPEX in mining to R$13.2 billion between 2025 and 2030. In the cement segment, CSN aims for organic growth with a revised CAPEX of R$7.7 billion, aiming to boost production capacity to 9 million tons per year. These strategic updates are expected to generate substantial EBITDA growth across various segments by 2030, potentially enhancing the company’s industry positioning and operational efficiency.
More about Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional, or National Steel Company, is a prominent entity in the steel industry, primarily involved in the production and supply of steel products. It focuses on various sectors, including mining and cement, and operates predominantly in Brazil with a significant market presence.
YTD Price Performance: -45.94%
Average Trading Volume: 2,230,692
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.55B
See more data about SID stock on TipRanks’ Stock Analysis page.
