SAO PAULO, July 27 (Reuters) – Brazilian steelmaker Companhia Siderurgica Nacional CSNA3.SA on Tuesday posted a web earnings of 5.5 billion reais ($1.06 billion) within the second quarter, considerably greater than a 12 months in the past pushed by greater iron ore costs, the corporate stated.
CSN stated metal and iron ore gross sales by tonne grew by 28% and 18% respectively in comparison with a 12 months in the past. Nonetheless, the upper costs led earnings to rise by over 1,000% in the identical interval.
($1 = 5.1690 reais)
(Reporting by Marcelo Rochabrun; Enhancing by Sandra Maler)
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