CSN sees Brazil steel prices falling 5 pct in Q4

SAO PAULO, Oct 29 (BestGrowthStock) – CSN (CSNA3.SA: )(SID.N: ),
Brazil’s largest diversified steel group, expects prices for
some steel products to fall an average 5 percent in the fourth
quarter, executives said in a conference call on Friday.

Prices, which also fell throughout the third quarter, will
likely bottom out through year-end, said Luis Fernando
Martinez, the company’s head of sales.
(Reporting by Guillermo Parra-Bernal and Alberto Alerigi Jr.,
editing by Gerald E. McCormick)

CSN sees Brazil steel prices falling 5 pct in Q4