National Steel (SID) Exchange Rate Effect (2009 - 2024)
National Steel (SID) posted Exchange Rate Effect of -$19.6 million for Q3 2024, down 9.49% sequentially from -$17.9 million in Q2 2024, and down 372.09% YoY from $7.2 million in Q4 2023.
National Steel (SID) Exchange Rate Effect (2009 - 2024) Analysis & Trends
National Steel has reported Exchange Rate Effect for 16 years, with the latest figure at -$19.6 million in Q3 2024.
- Quarterly Exchange Rate Effect fell 372.09% year-over-year to -$19.6 million in Q3 2024, while the trailing twelve-month figure through Sep 2024 was -$22.0 million (down 222.86% YoY) and the FY2025 annual result came in at -$3.0 million, up 89.17% from the prior year.
- Exchange Rate Effect slipped to -$19.6 million in Q3 2024 per SID's latest filing, from -$17.9 million in the prior quarter.
- Over five years, Exchange Rate Effect peaked at $8.3 million in Q2 2023 and troughed at -$19.6 million in Q3 2024.
- A 5-year average of -$3.7 million and a median of -$1.7 million in 2021 frame the typical range for Exchange Rate Effect.
- The sharpest annual moves came in 2020 and 2023: Exchange Rate Effect plunged 728.14% in 2020, then soared 100.9% in 2023.
- Over 5 years, Exchange Rate Effect stood at -$6.1 million in 2020, then surged by 72.39% to -$1.7 million in 2021, then surged by 343.43% to $4.1 million in 2022, then jumped by 74.68% to $7.2 million in 2023, then plunged by 372.09% to -$19.6 million in 2024.
- According to Business Quant data, Exchange Rate Effect over the past three periods registered -$19.6 million, -$17.9 million, and $7.2 million for Q3 2024, Q2 2024, and Q3 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | -726,000.00 |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | -6.00 Mn |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | -35.00 Mn |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | - |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | -100,000.00 |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | -1.00 Mn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | -3.82 Mn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | 6,841.99 |
| 10 | National Steel | 47.57 Mn | -2.81 Bn | 479.33 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | -19.58 Mn |
| Sep 30, 2024 | -19.58 Mn |
| Jun 30, 2024 | -17.88 Mn |
| Jun 30, 2024 | -17.88 Mn |
| Sep 30, 2023 | 7.20 Mn |
| Sep 30, 2023 | 7.20 Mn |
| Jun 30, 2023 | 8.27 Mn |
| Jun 30, 2023 | 8.27 Mn |
| Jun 30, 2022 | 4.12 Mn |
| Jun 30, 2022 | 4.12 Mn |
| Dec 31, 2021 | -1.69 Mn |
| Dec 31, 2021 | -1.69 Mn |
| Mar 31, 2020 | -6.13 Mn |
| Mar 31, 2020 | -6.13 Mn |
| Dec 31, 2019 | 120,791.27 |
| Dec 31, 2019 | 120,791.27 |
| Mar 31, 2019 | 975,632.89 |
| Mar 31, 2019 | 975,632.89 |
| Dec 31, 2018 | 2.62 Mn |
| Dec 31, 2018 | 2.62 Mn |