Multilatina Index: Brazil’s CSN is the growth winner

With a 14 percent surge in revenue to $1.3 billion, Brazilian metal, mining, cement and energy firm CSN is the definite growth champion in Latin Trade’s most recent Multilatina Index. The revenues of the top 25 multilatinas reached a total of of $100.02 billion in the second-quarter this year, down from the $105.9 billion in the same period a year before, according to Latin Trade’s most recent Multilatina Index. But CSN was the only company that posted double-digit growth in the whole index. The company saw a boost to its shares in late September after media reported a possible deal between CSN and China’s CBSteel. According to the report, CBSteel is interested in buying 25 percent of Congonhas Minérios, a […]

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