Financial indicators revealed a broad decline across the board. The company's total revenue fell to $1.89 billion, down 19.1%, while its gross profit saw a reduction of 40.3% to $426.2 million. Additionally, operating profit suffered a steep decline of 67.9%, landing at $113.4 million.
The primary cause of the overall drop in profitability was a decrease in sales revenue. This decline adversely affected CSN's financial health by $557.2 million.
On the operational front, the domestic sales of steel products saw a decrease of 4% to 732 thousand tons, although there was a 17% increase in steel exports, totaling 354 thousand tons.
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