Welcome to our dedicated page for Companhia Siderurgica Nacional SEC filings (Ticker: SID), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Companhia Siderúrgica Nacional filings document the U.S. disclosure record of a Brazilian foreign private issuer that files on Form 20-F and furnishes Form 6-K reports. The filings include annual report notices, consolidated and parent-company financial statements, quarterly and full-year operating results, and accounting disclosures prepared under Brazilian accounting practices and IFRS.
CSN's regulatory reports also cover material facts, mining volume and cash-cost projections, strategic updates, shareholder-meeting notices, and capital-structure matters. The filing record reflects the company's ADR and B3-listed equity context, its steel, mining, cement, energy and logistics businesses, and balance-sheet disclosures for borrowings, financing, payables, provisions and shareholders' equity.
Companhia Siderúrgica Nacional (CSN) reports weaker interim results for the quarter ended March 31, 2026, with consolidated net revenue of R$10.6 billion versus R$10.9 billion a year earlier and a net loss of R$555 million, improved from a R$732 million loss.
Operating performance was pressured by higher operating expenses and significant net financial expenses of R$1.3 billion, leading to net cash used in operating activities of R$776 million. CSN still ended the period with a strong cash and equivalents position of R$12.8 billion, while current borrowings totaled R$9.1 billion and non-current borrowings R$41.4 billion.
The company continues to invest heavily, with Q1 purchases of property, plant and equipment and intangibles of R$1.1 billion. CSN also details recent acquisitions, including 70% of logistics group Estrela for a nominal R$752.5 million, generating goodwill of R$271.2 million, and smaller steel and logistics-related deals for Galvacolor, Gramperfil and Global Dot.
Companhia Siderúrgica Nacional (CSN) reported mixed first-quarter 2026 results, with pressure from cash flow and leverage but active liability management. Free cash flow was negative by R$ 1,597.7 million, driven by seasonally weaker operations, working capital consumption, high financial expenses and significant debt amortization.
Consolidated net debt reached R$ 40,505.0 million, with Net Debt/LTM EBITDA at 3.36x, while cash and equivalents totaled R$ 14.6 billion, enough to cover short-term obligations. CSN highlighted a new iron ore prepayment agreement and an asset sale plan announced in January to help reshape its capital structure.
After quarter-end, CSN signed a US$ 1.2 billion bridge loan, potentially expandable to US$ 1.4 billion, secured mainly by its cement operation and intended to reduce short-and-medium-term debt. Investments were R$ 1,125.6 million, down 44.9% from the prior quarter, and net working capital rose to R$ 3,897.7 million. Operationally, steel sales grew versus 4Q25 but fell year-over-year, cement volumes declined, and logistics and energy showed resilient margins. In capital markets, CSN’s Brazilian shares fell 31.3% in 1Q26 while the Ibovespa rose 16.3%.
Companhia Siderúrgica Nacional (CSN) has submitted its latest annual disclosure to U.S. investors. The company filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission on April 30, 2026.
Shareholders and holders of American depositary shares can request a hard copy of CSN’s complete audited financial statements from the Investor Relations Department free of charge. The Form 20-F is also available on CSN’s Investor Relations website. The notice includes a standard caution that any forward-looking statements are subject to risks and uncertainties.
Companhia Siderúrgica Nacional files its Form 20-F annual report for the year ended December 31, 2025, prepared in thousands of reais under IFRS Accounting Standards as issued by the IASB. The company highlights macroeconomic exposure to Brazil, where GDP grew 2.9%, 3.4% and 2.3% in 2023, 2024 and 2025, and to exchange-rate swings, with the real moving between R$4.8413 and R$6.1923 per US$1.00 in recent years before ending 2025 at R$5.5024.
CSN reports significant export dependence—export sales were 50.25% of total sales in 2025—and substantial foreign-currency leverage, with R$33,897.5 million of U.S. dollar‑denominated or linked debt, representing 63.25% of total indebtedness. Overall debt was R$56,924.6 million against R$14,421.0 million in cash and equivalents, and R$10,523.0 million matures in 2026.
The report devotes extensive space to risk factors, including political and inflation risk in Brazil, high SELIC interest rates, global steel and iron ore cyclicality, Chinese demand concentration, import competition, U.S. and EU trade barriers and CBAM, environmental licensing and dam regulation, operational and cybersecurity incidents, AI governance, high leverage and refinancing risk, and governance, compliance and shareholder-related risks for holders of common shares and ADSs.
NATIONAL STEEL CO director and CEO Benjamin Steinbruch filed an initial ownership report detailing his holdings of the company’s common shares. The filing shows 500,002 common shares held directly. It also lists indirect interests in 45,706,242 shares held by Rio Iaco Participacoes S.A. and 552,412,693 shares held by Vicunha Acos S.A., described as a direct controlling shareholder of the issuer. In both cases, he reports only an indirect pecuniary interest and expressly disclaims beneficial ownership beyond that interest.
Companhia Siderúrgica Nacional (CSN) reported 2025 consolidated net revenue of R$44.8 billion, slightly above R$43.7 billion in 2024, but booked a net loss of R$1.51 billion, similar to the prior year’s R$1.54 billion loss, as high financial expenses offset operating gains.
Cash and cash equivalents fell to R$14.4 billion from R$23.3 billion, and net cash from operating activities swung to an outflow of R$973 million from an inflow of R$8.65 billion. CSN expanded via acquisitions, including 70% of Grupo Estrela for R$752.5 million and steel-processing businesses Galvacolor, Gramperfil and Global Dot, which together generated significant goodwill tied to expected synergies in logistics and downstream steel operations.
NATIONAL STEEL CO executive officer Teixeira de Freitas Pedro Van Langendonck filed an initial ownership report on Form 3. This filing lists him as an executive officer of the company but does not report any transactions or holdings in the excerpt provided.
NATIONAL STEEL CO executive officer Augusto Cesar Ferreira Lara filed an initial insider ownership report on Form 3. The filing lists him as an executive officer but does not report any stock purchases, sales, option exercises, gifts, or other transactions, indicating this is a baseline disclosure of his status as an insider.
National Steel Co director Franklin Fabiam filed an initial Form 3, which is a required disclosure of insider ownership when someone becomes a director. This filing does not list any stock or option transactions and shows no reported beneficial holdings or derivative positions at this time.
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