Companhia Siderurgica Nacional (CSN) (NYSE:SID) shares lose by 3.65%


Dallas, Texas 07/16/2013 (Financialstrend) – Companhia Siderurgica Nacional (CSN) (NYSE:SID), a Brazilian company involved in the steel industry, has five different business sectors: the mining sector, which produces iron ore, the steel sector, through which the operation, production, distribution and marketing of galvanized steel, flat steel, and metal packaging take place, the logistics sector, through which the company runs a hub port and  two  railway companies, the energy sector, through which it invests in generating energy projects for the company and the cement sector, which manufactures cements, and is involved in the limestone and dolomite exploration. The subsidiaries of the company as of December 31, 2011 are Transnordestina Logistica SA,  CSN Acos Longos SA, Inal Nordeste SA, Sepetiba Tecon SA, Companhia Metalic Nordeste, Estanho de Rondonia SA and CSN Cimentos SA.

At the Port of Sepetiba, Companhia Siderurgica Nacional (NYSE:SID) runs two terminals and has major ownership stake in two railroad companies, Transnordestina and MRS Logistica. In 2009, the company expanded its business into the cement market. Recently, Companhia Siderurgica Nacional was among the Materials Sector Week’s top 20% losers along with Alon USA Partners, BreitBurn Energy, Linn Energy, LinnCo, Companhia Siderurgica and Yanzhou Coal.

Intraday price fluctuated from $ 2.60 – $2.70. The share price of Companhia Siderurgica Nacional (ADR) (NYSE: SID) currently trading at $2.64, decreased by 3.65%. The price range of Companhia Siderurgica for the past 52 weeks was from $2.38 to $7.22. The stock opened at the price of $2.70 with a market capitalization of $3.85 billion and 1.46 billion outstanding shares. With an institutional ownership of 7%, the trading volume for the day of Companhia Siderurgica was 3.81 million and average trading volume was 5.99 million shares.

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