SID (Companhia Siderúrgica Nacional) entered a 10-day exclusivity agreement with Huaxin Building Materials Group Co. to pursue definitive documents for the sale of shares issued by CSN Cimentos Brasil S.A. The agreement contemplates an enterprise value of R$ 12.7 billion. Huaxin submitted the most advantageous proposal in a competitive process launched in March 2026, and SID intends to sign the definitive documents within a matter of days.
National Steel Co (SID), together with its wholly owned subsidiary CSN Steel S.L., entered into a binding term sheet with Megasa, the holding company of the Megasa group, regarding a potential sale of all shares issued by Stahlwerk Thüringen GmbH (SWT). The term sheet sets an enterprise value of €550 million, subject to adjustments, and an exclusivity period of up to 10 weeks.
Definitive agreements remain to be executed and would include customary conditions precedent. SWT is a German long-steel producer with installed production capacity of 1.1 million metric tons of steel per year. National Steel Co said the potential sale is part of its divestment program aimed at reducing current leverage.
National Steel Co (SID) said its subsidiary CSN Mineração S.A. temporarily reduced production of lower-grade iron ore at the dry processing plant of the Pires Complex in Ouro Preto, Minas Gerais. The subsidiary cited more challenging market conditions, including pressure from higher freight costs, and expects lower third-party ore purchases over the coming months. National Steel Co revised previously disclosed guidance, which will be made available on the CVM and its investor-relations website within the applicable legal deadline. The measure may be reversed at any time, with no material impact, if market conditions support stronger margins for this type of ore. The company described the guidance as estimates subject to market factors beyond its control and said it will keep shareholders informed about resumption of activities.
NATIONAL STEEL CO (SID) had its Chief Executive Officer, Fabio Schvartsman, file an initial statement of beneficial ownership on Form 3. The filing lists no reportable transactions and does not show any specific equity holdings or derivative positions for him at this time.
Companhia Siderúrgica Nacional (SID) reports the composition of its board of directors and board of executive officers, providing updated terms of office and detailed biographies for each member. The disclosure confirms key leadership roles, including the transition of Benjamin Steinbruch to Chairman and the appointment of Fabio Schvartsman as Chief Executive Officer.
The board of directors includes a mix of long-tenured and independent members with experience in finance, industry and public policy, while the executive team covers finance, legal, commercial, infrastructure, logistics and steel production functions. The company also outlines independence criteria for certain directors and reiterates standard forward-looking statement cautions.
Companhia Siderúrgica Nacional (SID) reports that on August 13, 2026 it received a non-compliance notice from the New York Stock Exchange because the average closing price of its American Depositary Shares was below $1.00 per ADS over a consecutive 30‑trading‑day period, triggering Section 802.01C continued listing standards. Under NYSE rules the company has six months from receipt of the notice to regain compliance, and the notice does not immediately delist the ADSs. CSN has informed the NYSE of its intention to cure and is evaluating available alternatives; since receiving the notice, the ADS price has traded above the $1.00 minimum threshold.
NATIONAL STEEL CO (SID) reports a leadership reorganization at the top of the company. The Board of Directors elected Benjamin Steinbruch as Chairman of the Board of Directors of Companhia Siderúrgica Nacional. Effective September 3, 2026, Fabio Schvartsman will assume the role of Chief Executive Officer. The company states it will keep shareholders and the market informed of further developments related to these governance changes.
NATIONAL STEEL CO (SID) reported relatively stable scale but weaker profitability in its June 30, 2026 interim IFRS financials. Consolidated net revenue for the first six months was R$21.9 billion, slightly above R$21.6 billion a year earlier, while cost pressures and higher operating charges kept margins under strain.
The group posted a consolidated net loss of R$1.33 billion versus a R$0.86 billion loss in the prior-year period; loss attributable to controlling shareholders was R$1.41 billion, with basic loss per share of R$1.06301. Operating cash flow remained negative at R$(671) million, though better than the R$(1.40) billion outflow a year earlier. Net cash used in investing was R$2.49 billion, mainly for property, plant, equipment and intangibles, partially offset by R$2.30 billion of net cash provided by financing activities.
At June 30, 2026, consolidated total assets were R$100.6 billion and total shareholders’ equity R$15.24 billion (controlling interest R$12.17 billion). Consolidated borrowings and financing totaled R$53.37 billion (R$8.33 billion current, R$45.04 billion non-current). Management states the group has adequate resources to continue as a going concern and confirms compliance with debt covenants.
Companhia Siderúrgica Nacional reported 2Q26 results highlighted by a return to positive free cash flow of R$ 808.1 million, driven by solid operations, working capital release and recent funding transactions. Management links this to initiatives to improve the capital structure, cut inventories and curb prior cash burn.
Consolidated net debt was R$ 42,138.2 million, with Net Debt/LTM EBITDA at 3.49x, while cash and cash equivalents totaled R$ 15.4 billion, covering short‑term obligations. Investments reached R$ 1,414.0 million, and Net Working Capital allocated to the business fell 21.8% quarter over quarter to R$ 3,046.4 million, mainly from lower inventories.
Steel sales rose to 1,182 thousand tons, up 16.7% year over year, supported by Brazilian antidumping measures and stronger domestic and export volumes. The Energy segment posted net revenue of R$ 395.5 million and Adjusted EBITDA of R$ 246.0 million (62.1% margin) after a favorable ANEEL decision, while Logistics revenue reached R$ 1,213.9 million with Adjusted EBITDA of R$ 548.2 million (45.2% margin). Despite operating gains, CSN’s shares fell 27.0% in the quarter, with ADRs down 26.2%.
Companhia Siderúrgica Nacional, through its subsidiary CSN Inova Ventures, reports the final results of an exchange offer for its 6.750% Notes due 2028. Holders tendered US$1,007,324,000 in principal, equal to 77.49% of the US$1,300,000,000 outstanding, surpassing the minimum participation condition of US$910,000,000 (70%).
The tendered notes will be exchanged for new 11.00% Notes due 2030 plus cash. On settlement, expected August 12, 2026, CSN Inova expects to issue approximately US$698.3 million in New Notes and pay about US$255.7 million in cash, with no cash proceeds received by CSN Inova from this transaction. The New Notes are fully and unconditionally guaranteed by CSN.