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NEW YORK ( TheStreet) -- Companhia Siderurgica Nacional (NYSE: SID) hit a new 52-week low Wednesday as it is currently trading at $6.38, below its previous 52-week low of $6.39 with three million shares traded as of 12:05 p.m. ET. Average volume has been five million shares over the past 30 days. Companhia Siderurgica Nacional has a market cap of $9.96 billion and is part of the basic materials sector and metals & mining industry. Shares are down 18.3% year to date as of the close of trading on Tuesday. Companhia Siderurgica Nacional primarily operates as an integrated steel producer in Brazil and Latin America. The company principally produces carbon steel and various steel products. The company has a P/E ratio of 6.6, above the average metals & mining industry P/E ratio of 5.6 and below the S&P 500 P/E ratio of 17.7.