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Companhia Siderurgica Nacional
Aug 13, 2024 at 12:27 PM UTC
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Companhia Siderúrgica Nacional: Record mining and cement results, steel recovery, and higher leverage marked 2Q24

Operational records in mining and cement, plus a steel recovery, drove 12% revenue and 35% EBITDA growth sequentially, but net loss persisted due to higher financial expenses and taxes. Leverage increased to 3.36x, with strong cash reserves and ongoing debt management.

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