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More Downside In Store For Companhia Siderurgica Nacional

2015-06-12 00:01:55| Steel - Topix.net

SID gets over 60% of its revenue from the Brazilian market, and this will weigh on the company's performance as the country is on the brink of a recession. Auto sales in Brazil have already dropped at an alarming rate this year, while flat-rolled steel inventory is building up due to low sales at the distributor level.

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