Earnings ·
Companhia Siderúrgica Nacional filed a Form 6-K containing Management’s Discussion and Analysis for the three months…
SIDNational Steel Co
Companhia Siderúrgica Nacional filed a Form 6-K containing Management’s Discussion and Analysis for the three months ended March 31, 2026, alongside preliminary guidance for the six-month period ending June 30, 2026. The company reported a net loss of R$555.0 million (US$106.3 million) in Q1 2026, driven by lower steel and mining revenues due to price pressures and currency appreciation. Gross debt stands at R$50.4 billion as of March 31, 2026. On April 13, 2026, the company secured a US$1.2 billion senior secured syndicated credit facility (Bridge Loan Facility) to refinance maturing debt and support its divestment plan for CSN Cimentos, which received non-binding offers in May 2026. For H1 2026, management expects Adjusted EBITDA between R$5.3 billion and R$5.4 billion and a net loss of R$1.3 billion to R$1.4 billion. The company operates in the steel, mining, cement, logistics, and energy industries.