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.

3 Comments

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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

Respond

Ediumgleson Pereira michiles

#153526

01/08/2025 01:10

Eu gostaria de estudar curso de inglês

-2

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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

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Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

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