CSN, Usiminas Jan-Apr exports up
Bnamericas Published: Friday, May 26, 2006
Brazilian flat steel producers CSN (NYSE: SID) and Usiminas saw their export revenues grow in the first four months of this year compared to the same period of 2005, the country's foreign trade ministry (Secex) reported. CSN's exports in the January-April period totaled US$284mn, up 60% from US$178mn in the year-ago period. Usiminas' sales abroad in the first four months of this year totaled US$197mn, up 161% from US$76mn year-on-year. Steel slab and coil producer CST's exports during the first four months of this year totaled US$437mn, down 9% year-over-year, while long steelmaker Belgo-Mineira reported a 66% increase in sales abroad to US$209mn. CST and Belgo-Mineira, together with steel producer Vega do Sul, are part of Arcelor Brasil, the South American subsidiary of Luxembourg-based steelmaker Arcelor.
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