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National Steel to sell cement unit at R$12.7B enterprise value

Completion is conditional on competition, electricity-sector and Chinese regulatory approvals, and the agreed enterprise value is subject to closing adjustments.

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Form Type
6-K

Rhea-AI Filing Summary

National Steel Co (SID) entered into an agreement to sell the shares issued by CSN Cimentos to Huaxin Building Materials Group Co. for an enterprise value of R$ 12.7 billion. The agreed value is subject to customary closing adjustments, including adjustments for CSN Cimentos’ net debt and working capital as of closing. Completion depends on customary precedent conditions, including approval by CADE, prior consent from ANEEL and applicable Chinese regulatory approvals. The company expects to complete the transaction once those conditions are met and says the sale is aimed at reducing indebtedness and balancing its capital structure.

Enterprise value R$ 12.7 billion Agreed value for the sale of CSN Cimentos, subject to customary closing adjustments
enterprise value financial
"The enterprise value agreed upon for the Transaction"
Enterprise value is the total worth of a company, reflecting what it would cost to buy the entire business. It includes the company's market value plus any debts, minus its cash holdings, offering a comprehensive picture of its true value. Investors use it to compare companies regardless of their capital structures, helping them assess how much they would need to pay to acquire the business.
net debt financial
"adjustments related to the net debt"
Net debt is the total amount a company owes after subtracting the cash and assets it has that can be used to pay off that debt. It shows how much debt is truly a burden, helping investors understand if a company is financially healthy or heavily borrowed. Think of it like calculating how much money you owe after using your savings to pay part of it.
working capital financial
"working capital of CSN Cimentos as of the closing date"
Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.
precedent conditions regulatory
"satisfaction of precedent conditions customary for transactions"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is SID selling and for how much?

National Steel Co (SID) agreed to sell the shares issued by CSN Cimentos to Huaxin Building Materials Group Co. for an enterprise value of R$ 12.7 billion. The amount is subject to customary closing adjustments, including adjustments related to CSN Cimentos’ net debt and working capital as of closing.

What approvals does SID’s CSN Cimentos sale require?

The transaction is subject to CADE approval, prior consent from ANEEL, and applicable Chinese regulatory approvals. These are among the customary conditions precedent to closing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 6-K
 
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
 
For the month of November, 2026
Commission File Number 1-14732
 

 
COMPANHIA SIDERÚRGICA NACIONAL
(Exact name of registrant as specified in its charter)
 
National Steel Company
(Translation of Registrant's name into English)
 
Av. Brigadeiro Faria Lima 3400, 20º andar
São Paulo, SP, Brazil
04538-132
(Address of principal executive office)
 

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F. 
Form 20-F ___X___ Form 40-F _______

 Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.  

Yes _______ No ___X____

 
 

 

 

COMPANHIA SIDERÚRGICA NACIONAL

Publicly Held Company

Corporate Taxpayer No. 33.042.730/0001-04

NIRE 35-3.0039609.0

 

MATERIAL FACT

 

Companhia Siderúrgica Nacional (“Company” or “CSN”) (B3: CSNA3; NYSE: SID), in compliance with Article 157, paragraph 4, of Law No. 6,404/1976 (“Brazilian Corporate Law”) and CVM Resolution No. 44/2021, and further to the Material Facts disclosed on January 15, August 10, and October 30, 2026, as well as the Notices to the Market disclosed on April 16, August 12, and October 20, 2026, informs its shareholders and the market in general that, yesterday, it has entered into, in its capacity as seller, a Share Purchase Agreement and Other Covenants (“Share Purchase Agreement”) with Huaxin Building Materials Group Co. (“Buyer” or “Huaxin”), with the intervention and consent of CSN Cimentos Brasil S.A. (“CSN Cimentos”). The agreement concerns the sale by the Company to the Buyer of the shares issued by CSN Cimentos (“Transaction”).

 

The enterprise value agreed upon for the Transaction is R$ 12.7 billion, subject to customary closing adjustments applicable to transactions of this nature, including adjustments related to the net debt and working capital of CSN Cimentos as of the closing date.

 

The consummation of the Transaction is subject to the satisfaction of precedent conditions customary for transactions of this nature, including (i) approval by the Administrative Council for Economic Defense (CADE); (ii) prior consent from the National Electric Energy Agency (ANEEL); and (iii) applicable Chinese regulatory approvals. The Company expects to complete the Transaction as soon as such conditions are met.

 

The Transaction represents an important step in the Company’s strategy aimed at reducing its indebtedness and balancing its capital structure.

 

The Company will keep its investors and the market in general duly informed regarding any relevant developments related to the Transaction, in accordance with applicable laws and regulations.

 

São Paulo, November 08, 2026

 

Antonio Marco Campos Rabello

Chief Financial Officer and Investor Relations Executive

Companhia Siderúrgica Nacional

 

 

 

 
 
SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: November 8, 2026
 
COMPANHIA SIDERÚRGICA NACIONAL
By:
/S/ Fabio Schvartsman

 
Fabio Schvartsman
Chief Executive Officer

 

 
By:
/S/ Antonio Marco Campos Rabello

 
Antonio Marco Campos Rabello
Chief Financial and Investor Relations Officer

 
 

 

 
FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.


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