CSN Envisions Negotiations for Steel Quotas with the United States
CSN suggests that Brazil could negotiate a quota mechanism with the U.S. regarding steel imports following recent tariffs. The company reported a quarterly loss but exceeded earnings expectations, resulting in a positive stock market response.
CSN, a prominent Brazilian steelmaker, has indicated potential for negotiating a steel quota mechanism with the United States in the near future. This statement follows U.S. President Donald Trump’s implementation of tariffs on steel and aluminum imports, which Brazil described as “unjustifiable.” Rather than retaliating immediately, Brazil aims to engage in constructive dialogue with the Trump administration.
In summary, CSN foresees the possibility of negotiating a quota system with the United States to address steel tariffs, citing prior successful negotiations. Despite reporting a quarterly loss, the company’s core earnings surpassed analyst predictions, bolstering its market position and prompting a rise in its stock value.
Original Source: www.marketscreener.com
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