EconomicBrazil·30 Oct 2026
CSN Shares Decline 8% Amid Market Sell-off
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Shares of Brazilian steelmaker CSN dropped 8.31% to US$0.72 on October 30, marking the company’s fifth consecutive daily decline and reaching a 12-month low. The sell-off was driven by a broader 1.82% decline in the S&P 500 and a recent credit rating downgrade of CSN by S&P Global Ratings. While other regional steelmakers like Gerdau and Ternium also saw…
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Rio Times
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