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	<title>Stock Blog Hub &#187; SID</title>
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	<description>Start Your Investing Research Here!</description>
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		<title>(SID) Companhia Siderurgica Nacional &#8211; ADR- Bear of the Day</title>
		<link>http://www.stockbloghub.com/2012/04/20/sid-companhia-siderurgica-nacional-adr-bear-of-the-day-2/98468</link>
		<comments>http://www.stockbloghub.com/2012/04/20/sid-companhia-siderurgica-nacional-adr-bear-of-the-day-2/98468#comments</comments>
		<pubDate>Fri, 20 Apr 2012 17:18:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Steel & Iron]]></category>
		<category><![CDATA[Companhia Siderurgica Nacional]]></category>
		<category><![CDATA[SID]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=98468</guid>
		<description><![CDATA[Brazilian steel company Companhia Siderurgica Nacional, or CSN (SID) posted satisfactory fourth quarter results with EPADR of roughly 31 cents per share, much above the Zacks Consensus Estimate of 20 cents per share. Despite a few positives, there are a few irrefutable downsides pertaining to the stock of the company at present. These downsides include rising costs of goods sold, presence of serious competition and foreign market fluctuations, which are adversely affecting sales of the company in the clouded fiscal scenario. Earnings estimates for 2012 have decreased on a year over year basis. Thus, we are downgrading shares to an Underperform recommendation from a previous sideline view on the stock at present. Our target price on the stock is $8.50, based on a 2012 P/E multiple of 8.6x. CIA SIDERUR-ADR ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/20/sid-companhia-siderurgica-nacional-adr-bear-of-the-day-2/98468/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(SID) Rio Tinto to Buy Tata&#8217;s Riversdale Stake</title>
		<link>http://www.stockbloghub.com/2011/06/23/sid-rio-tinto-to-buy-tatas-riversdale-stake/77232</link>
		<comments>http://www.stockbloghub.com/2011/06/23/sid-rio-tinto-to-buy-tatas-riversdale-stake/77232#comments</comments>
		<pubDate>Thu, 23 Jun 2011 16:14:43 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Steel & Iron]]></category>
		<category><![CDATA[BHP]]></category>
		<category><![CDATA[Bhp Billiton Limited]]></category>
		<category><![CDATA[CLF]]></category>
		<category><![CDATA[Cliffs Natural Resources Inc.]]></category>
		<category><![CDATA[Companhia Siderurgica Nacional]]></category>
		<category><![CDATA[FCX]]></category>
		<category><![CDATA[Freeport-McMoRan Copper & Gold Inc]]></category>
		<category><![CDATA[SID]]></category>
		<category><![CDATA[VALE]]></category>
		<category><![CDATA[Vale S.a.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77232</guid>
		<description><![CDATA[Recently, Rio Tinto plc (RIO) received a nod from the Indian Steel major Tata Steel to buy 26% stake in its coal mining company, Riversdale in an open offer of AUD 16.5 per share, or roughly $17.36 per share. The deal is valued at $1.1 billion. The deal is expected to give Rio Tinto full control over the Riversdale coal miner for secure coal assets for Rio’s mining requirements, on the backdrop of rising fuel prices. The transaction is expected to provide significant potential for increasing Rio Tinto’s coal output. Rio won majority control of Riversdale earlier in 2011 with a $3.9 billion bid. The company raised its holding in the African Miner to 73% in April, following a deal with the Brazilian steelmaker, Companhia Siderurgica Naciona (SID) for its 19.9% ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/23/sid-rio-tinto-to-buy-tatas-riversdale-stake/77232/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SID) Companhia Siderurgica Nacional &#8211; ADR- Bear of the Day</title>
		<link>http://www.stockbloghub.com/2011/06/23/sid-companhia-siderurgica-nacional-adr-bear-of-the-day/77218</link>
		<comments>http://www.stockbloghub.com/2011/06/23/sid-companhia-siderurgica-nacional-adr-bear-of-the-day/77218#comments</comments>
		<pubDate>Thu, 23 Jun 2011 14:07:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Steel & Iron]]></category>
		<category><![CDATA[Companhia Siderurgica Nacional]]></category>
		<category><![CDATA[SID]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77218</guid>
		<description><![CDATA[We believe Companhia Siderurgica Nacional, or CSN (SID) has rising manufacturing costs, high cyclicality and growing competition in the industry. These remain major growth impediments for the company. In the first quarter of 2011, the company posted EPADR of $0.25, which was well below the Zacks Consensus of $0.40. In the first quarter of 2011, cost of goods sold went up 25.4% year over year, leading to a 3% decline in gross margin. Also, CSN&#8217;s debt levels are escalating, due primarily to funding the company&#8217;s investment plans. Thus, anticipating lack of positive catalysts in the near term, we maintain an Underperform recommendation on the ADR. Our target price of $11.00 is based on 7.8x P/E on the 2011 EPS estimate. CIA SIDERUR-ADR (SID): Free Stock Analysis Report Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/23/sid-companhia-siderurgica-nacional-adr-bear-of-the-day/77218/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHP) China’s Hunger for Iron Ore Has Hidden Companies Set to Profit</title>
		<link>http://www.stockbloghub.com/2010/04/21/bhp-china%e2%80%99s-hunger-for-iron-ore-has-hidden-companies-set-to-profit/34592</link>
		<comments>http://www.stockbloghub.com/2010/04/21/bhp-china%e2%80%99s-hunger-for-iron-ore-has-hidden-companies-set-to-profit/34592#comments</comments>
		<pubDate>Wed, 21 Apr 2010 21:40:01 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Industrial Metals & Minerals]]></category>
		<category><![CDATA[BHP]]></category>
		<category><![CDATA[Bhp Billiton Limited]]></category>
		<category><![CDATA[Companhia Siderurgica Nacional]]></category>
		<category><![CDATA[Rio Tinto plc]]></category>
		<category><![CDATA[RTP]]></category>
		<category><![CDATA[SID]]></category>
		<category><![CDATA[VALE]]></category>
		<category><![CDATA[Vale S.a.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=34592</guid>
		<description><![CDATA[If you read my article on April 5, you know that the iron ore market is changing… a lot. In the past, iron ore producers and steelmakers negotiated fixed, yearly prices. Now though, prices will be set in quarterly contracts linked to the spot market. That means major iron ore producers can expect huge profits going forward, especially considering that prices are 100% higher than last year’s. And it could easily go higher, considering China’s latest move on the subject. Chinese firms can no longer import low-quality iron ore, which means anything with less than 60% iron content in this case. That means they can’t buy from India, the market’s third largest exporter in the world. Shipments from there contain only between 55% and 58% actual iron. Australia and Brazil ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/21/bhp-china%e2%80%99s-hunger-for-iron-ore-has-hidden-companies-set-to-profit/34592/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(SID) Growing World Economy Sees Cement Battle</title>
		<link>http://www.stockbloghub.com/2010/03/30/sid-growing-world-economy-sees-cement-battle/32273</link>
		<comments>http://www.stockbloghub.com/2010/03/30/sid-growing-world-economy-sees-cement-battle/32273#comments</comments>
		<pubDate>Tue, 30 Mar 2010 14:29:13 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Steel & Iron]]></category>
		<category><![CDATA[Companhia Siderurgica Nacional]]></category>
		<category><![CDATA[SID]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=32273</guid>
		<description><![CDATA[At least for now, Brazilian steelmaker CSN ADR (NYSE: SID) has failed in its attempt to diversify. Late last year, it launched a hostile bid for Portugal’s national cement company, Cimpor ADR (PINK: CDPGY). And for good reason too. Put simply, Cimpor is a jewel. It has operations in 20 countries Incorporatedluding promising stars like China, India, South Africa and Turkey. And it would have added nicely to CSN’s existing facilities. That’s especially true considering heightened demand in Brazil. So naturally, CSN wants to build up operations enough to handle the growing need there. The Brazilian cement market is experiencing fast-paced growth. Sales grew from 45 millions tons in 2007 to 52 million tons in 2009. This year, analysts expect it to reach 55 million in 2010. Brazil is the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/30/sid-growing-world-economy-sees-cement-battle/32273/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SID) Companhia Siderúrgica Nacional Beats Consensus Earnings Estimates</title>
		<link>http://www.stockbloghub.com/2010/03/03/sid-companhia-siderurgica-nacional-beats-consensus-earnings-estimates/29572</link>
		<comments>http://www.stockbloghub.com/2010/03/03/sid-companhia-siderurgica-nacional-beats-consensus-earnings-estimates/29572#comments</comments>
		<pubDate>Wed, 03 Mar 2010 22:20:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Steel & Iron]]></category>
		<category><![CDATA[Companhia Siderurgica Nacional]]></category>
		<category><![CDATA[SID]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29572</guid>
		<description><![CDATA[Recently, Companhia Siderúrgica Nacional (SID) reported results for the fourth quarter and full year 2009. During the quarter, net revenue totaled R$3.06 billion, down 9.8% year over year. However, it was up 2.4% sequentially primarily due to the increase in sales volume in the domestic market, where prices are normally healthier than abroad. In 2009, net revenue came to R$10.98 billion, down 21.6% from 2008 level primarily due to shrinking demand and lower prices in the first half of 2009. SID posted a quarterly net income of R$745 million, down from R$3,936.3 million in the fourth quarter of 2008. EPS was R$0.94 or 54 cents compared to an EPS of R$4.96 or US$2.17 in the year-ago period. Reported EPS was above the Zacks Consensus Estimate of 45 cents. Full year ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/03/sid-companhia-siderurgica-nacional-beats-consensus-earnings-estimates/29572/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SID) Companhia Siderurgica Nacional Acquires Cimpor</title>
		<link>http://www.stockbloghub.com/2010/02/24/sid-companhia-siderurgica-nacional-acquires-cimpor/28925</link>
		<comments>http://www.stockbloghub.com/2010/02/24/sid-companhia-siderurgica-nacional-acquires-cimpor/28925#comments</comments>
		<pubDate>Wed, 24 Feb 2010 18:39:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Steel & Iron]]></category>
		<category><![CDATA[Companhia Siderurgica Nacional]]></category>
		<category><![CDATA[SID]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=28925</guid>
		<description><![CDATA[Companhia Siderurgica Nacional (SID) through its indirect subsidiary CSN Cement S.a.r.l. has announced the final results of the tender offer to acquire up to all of the shares issued by Cimpor &#8211; Cimentos de Portugal, SGPS, S.A. (Cimpor) pursuant to the terms and conditions set forth in the prospectus, dated Dec 18, 2009. On Dec 18, SID announced the launch of a public offer for the acquisition of 100% of the 672 million shares representing the capital stock of Cimpor, whose shares are traded on the Euronext Lisboa, for €5.75 per common share. The acquisition of Cimpor will contribute to the formation of one the world&#8217;s largest cement producers, with an annual production capacity of 36 million tons of cement. Cimpor is among the top 10 world largest cement manufacturers ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/24/sid-companhia-siderurgica-nacional-acquires-cimpor/28925/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MT) The Pros and Cons of Dealing With Steel</title>
		<link>http://www.stockbloghub.com/2010/02/15/mt-the-pros-and-cons-of-dealing-with-steel/27993</link>
		<comments>http://www.stockbloghub.com/2010/02/15/mt-the-pros-and-cons-of-dealing-with-steel/27993#comments</comments>
		<pubDate>Mon, 15 Feb 2010 23:25:18 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Steel & Iron]]></category>
		<category><![CDATA[Arcelor Mittal]]></category>
		<category><![CDATA[Companhia Siderurgica Nacional]]></category>
		<category><![CDATA[Market Vectors Steel ETF]]></category>
		<category><![CDATA[MT]]></category>
		<category><![CDATA[SID]]></category>
		<category><![CDATA[SLX]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=27993</guid>
		<description><![CDATA[by Tony Daltorio, Investment U Research Friday, February 12, 2010 Back in September, I wrote about the “real man of steel,” Lakshmi Mittal, Chairman and primary owner of ArcelorMittal ADR (NYSE: MT). His company produces nearly 10% of the world’s steel and three times more than his closest competitor. Last fall, he disagreed with the largely downcast outlook analysts had about the industry. For that matter, he had an optimistic outlook even last July, when he predicted a 10% increase in steel output for 2010. At the time, people didn’t think much of his forecast. But today, analysts actually expect 11.2% this year, which would more than compensate for the 10.3% decline the industry saw in 2009, the biggest drop it experienced in more than six decades. Still, even with ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/15/mt-the-pros-and-cons-of-dealing-with-steel/27993/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(SID) Companhia Siderurgica Nacional Bids for Portuguese Company</title>
		<link>http://www.stockbloghub.com/2009/12/22/sid-companhia-siderurgica-nacional-bids-for-portuguese-company/23318</link>
		<comments>http://www.stockbloghub.com/2009/12/22/sid-companhia-siderurgica-nacional-bids-for-portuguese-company/23318#comments</comments>
		<pubDate>Tue, 22 Dec 2009 19:55:01 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Steel & Iron]]></category>
		<category><![CDATA[Companhia Siderurgica Nacional]]></category>
		<category><![CDATA[SID]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23318</guid>
		<description><![CDATA[Brazilian steel maker Companhia Siderurgica Nacional (SID) launched a 3.86 billion euro ($5.6 billion) bid for Cimentos de Portugal (Cimpor). SID offered 5.75 euros per share of Cimpor. The company asserted that the deal would result in the formation of one of the world’s largest cement producers, with an annual production capacity of 36 million metric tons. Cimpor is a Portuguese cement maker with presence in 13 countries across Europe, Asia, South America and Africa. It is the national leader in Portugal, Cabo Verde and Mozambique and has a strong presence in Brazil, Egypt, China, Spain, Turkey, South Africa, Tunisia, Morocco, India and Peru. Cimpor generates around 60% of its revenues from its operations in emerging markets, which have a substantial growth potential. Companhia Siderurgica Nacional has been making considerable ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/22/sid-companhia-siderurgica-nacional-bids-for-portuguese-company/23318/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(VALE) Investing in Brazilian Steel: Four Companies Set to Profit From Transportation Infrastructure</title>
		<link>http://www.stockbloghub.com/2009/12/22/vale-investing-in-brazilian-steel-four-companies-set-to-profit-from-transportation-infrastructure/23323</link>
		<comments>http://www.stockbloghub.com/2009/12/22/vale-investing-in-brazilian-steel-four-companies-set-to-profit-from-transportation-infrastructure/23323#comments</comments>
		<pubDate>Tue, 22 Dec 2009 18:52:21 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Steel & Iron]]></category>
		<category><![CDATA[Companhia Siderurgica Nacional]]></category>
		<category><![CDATA[Gerdau S.A.]]></category>
		<category><![CDATA[GGB]]></category>
		<category><![CDATA[SID]]></category>
		<category><![CDATA[VALE]]></category>
		<category><![CDATA[Vale S.a.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23323</guid>
		<description><![CDATA[Tony Daltorio, Investment U Research Monday, December 22, 2009 Even though Vale (NYSE: VALE) decided to cut its iron ore production by about 10% during the global crisis, the iron ore-mining giant has found itself in hot water. Of course, other companies in Brazil and around the world did exactly the same thing. But they aren’t required to answer to Brazil’s government, which just happens to hold a significant stake in Vale through public sector pension funds and BNDES, the national development bank. And Vale made the mistake of not consulting with its major shareholder before it took action. That oversight led the government to not only question the company’s strategy, but also put pressure on it to boost its domestic steelmaking, instead of relying on foreign producers for the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/22/vale-investing-in-brazilian-steel-four-companies-set-to-profit-from-transportation-infrastructure/23323/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SID) Brazil Steelmakers Expect Recovery</title>
		<link>http://www.stockbloghub.com/2009/09/03/sid-brazil-steelmakers-expect-recovery/14406</link>
		<comments>http://www.stockbloghub.com/2009/09/03/sid-brazil-steelmakers-expect-recovery/14406#comments</comments>
		<pubDate>Thu, 03 Sep 2009 23:35:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Steel & Iron]]></category>
		<category><![CDATA[Companhia Siderurgica Nacional]]></category>
		<category><![CDATA[Gerdau S.A.]]></category>
		<category><![CDATA[GGB]]></category>
		<category><![CDATA[SID]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14406</guid>
		<description><![CDATA[Earlier this month, Brazilian steelmaker Companhia Siderurgica Nacional, aka CSN (SID), posted disappointing operating results for the second quarter of 2009. Based on the turmoil in the financial markets, revenues, EBITDA and net income were down 30%, 57% and 68% respectively from the second quarter of 2008. Domestic market sales and volume were down 30% and 28% year over year. Export sales were down 32% year over year, while volume was up 21%. Crude steel production decreased 33% year-over-year. It seems that the short-term outlook for SID is not very encouraging. However, the company showed some improvement over the previous quarter. Steel product sales volume was up 47%, net revenue was 2% higher than the first quarter of 2009. EBITDA was up 7% and EBITDA margin showed an improvement of 1.1% ]]></description>
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