SID Downgraded to Underperform
August 18, 2010 at 11:18 AM EDT
We recently downgraded our recommendation for Companhia Siderurgica Nacional (SID) or CSN, one of the leading Brazilian steel makers, from Neutral to Underperform. Second Quarter Highlights On August 10, Companhia Siderurgica Nacional announced its financial results for the second quarter 2010. Net income surged 167% year over year and 85% sequentially to R$894 million (US$496.7 million), or [...]
