CSN Mining Loses R$ 750 Million Due to Exchange Rate Effects and Suffer 92% Drop in Quarterly Profit

Written by Bruno Teles

Published on 31/07/2025 at 23:17

Lucro da CSN Mineração despenca com R$ 750 milhões em perdas e revela efeitos nocivos do câmbio no setor

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Operating Expenses, Currency Fluctuation, and Rising Costs Pressure Second Quarter Balance of the Mining Giant

CSN Mining experienced a drastic drop in net income for the second quarter of 2025, recording R$ 115.8 million, which represents a retraction of 92.3% compared to the same period in 2024. The weak performance was primarily caused by the reversal of the financial result, which shifted from positive to strongly negative.

The financial result of the company was negative at R$ 750.1 million, compared to a gain of R$ 436 million in the previous year. The decline was attributed to increased financial expenses and currency fluctuation. In addition, the rise in costs and operational expenses compromised the profitability of the mining company controlled by CSN.

Revenue and Costs in Opposite Directions

Despite the significant drop in profit, CSN Mining’s net revenue was R$ 4.04 billion in the quarter, with a more modest decline of 3.6% compared to the previous year. The major impact came from the line of cost of goods and services sold (COGS), which totaled R$ 2.38 billion, an increase of 22.2% in one year.

ARTICLE CONTINUES BELOW

Tax Improvement Partially Eases Impact

One of the few positive indicators of the balance sheet was the improvement in the income tax and social contribution line, which dropped from a negative value of R$ 651 million in 2024 to R$ 66 million negative this year — an improvement of 89.9%.

Even with this tax relief, the set of negative factors — especially exchange rate effects and rising operational costs — determined the weak quarterly performance of CSN Mining, putting pressure on its position in the sector.

Do you believe that the results of CSN Mining reflect a broader trend in the sector? Or is it a one-off movement? Leave your analysis in the comments — your opinion helps to broaden the economic debate with those closely following the market.

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Hercules

#153963

02/08/2025 13:20

A entrada do aço CHINÊS, está provocando uma tsunami na economia do Brasil e esse DesGoverno, não faz NADA !!!

-2

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Alex

#153746

01/08/2025 17:04

SAO UM BANDO DE CRETINOS, SEDENTOS PRO DINHEIRO E LUCRO

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Ediumgleson Pereira michiles

#153526

01/08/2025 01:10

Eu gostaria de estudar curso de inglês

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CSN Mining Loses R$ 750 Million Due to Exchange Rate Effects and Suffer 92% Drop in Quarterly Profit

Operating Expenses, Currency Fluctuation, and Rising Costs Pressure Second Quarter Balance of the Mining Giant

Revenue and Costs in Opposite Directions

Tax Improvement Partially Eases Impact

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CSN Mining Loses R$ 750 Million Due to Exchange Rate Effects and Suffer 92% Drop in Quarterly Profit

Operating Expenses, Currency Fluctuation, and Rising Costs Pressure Second Quarter Balance of the Mining Giant

Revenue and Costs in Opposite Directions

Tax Improvement Partially Eases Impact

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

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