CSN, Brazil's largest diversified steel group, said on Wednesday that it is eyeing possible acquisition opportunities in the coal industry to boost its access to the key steel ingredient, Chief Financial Officer Paulo Penido Marques said. The company (CSNA3.SA)(SID.N) reported late on Tuesday first-quarter net income of 616 million reais ($390 million) in the period, up from 447 million reais a year earlier. ($1=1.58 reais)
Companhia Siderurgica Nacional (CSN) is an integrated steel producer in Brazil and Latin America. Shares of SID traded higher by 0.52% or $0.08/share to $15.55. In the past year, the shares have traded as low as $13.16 and as high as $18.41. On average, 3975220 shares of SID exchange hands on a given day and today's volume is recorded at 765911.
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