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CSN cuts 2026 iron ore production guidance to 39-41 Mt, raises C1 costs to $25-$26/ton
SIDNational Steel Co
CSN announced a temporary reduction in lower-grade iron ore production at its Pires Complex due to challenging market conditions and higher freight costs, leading to revised 2026 guidance. The company lowered its production and third-party ore purchase volume forecast from 45.0–47.0 Mt to 39.0–41.0 Mt and increased C1 cash cost estimates from US$22.0–23.5/ton to US$25.0–26.0/ton. This is a material update affecting near-term operational expectations for the integrated steel and mining company.