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Recent Updates — SID

September 11, 2026View Source ↗

Companhia Siderúrgica Nacional received a non-compliance notification letter from the New York Stock Exchange on August 13, 2026, due to its American Depositary Shares trading below $1.00 for 30 consecutive days. The company has six months to regain compliance and is evaluating cure alternatives. Since receiving notice, ADS prices have appreciated above the minimum threshold. National Steel Company operates in the steel manufacturing industry.

September 2, 2026View Source ↗

Companhia Siderúrgica Nacional's Board of Directors approved the election of Mr. Benjamin Steinbruch as Chairman of the Board and announced that Mr. Fabio Schvartsman will assume the position of Chief Executive Officer effective September 3, 2026. This leadership transition represents a significant change in executive management for the company. The company operates in the steel manufacturing industry.

August 13, 2026View Source ↗

Companhia Siderúrgica Nacional reported a net loss of R$773.1 million for the second quarter of 2026, driven by a negative financial result of R$1,843.0 million due to exchange-rate fluctuations that offset stronger operating performance. Consolidated net revenue increased 5.7% year-over-year to R$11,306.2 million, while Adjusted EBITDA rose 4.8% to R$2,772.6 million with a margin of 23.4%. The steel segment saw sales volumes grow 16.7% to 1,182 thousand tons and Adjusted EBITDA expand 9.5%, supported by antidumping measures. Mining sales reached a record 11,849 thousand tons, though Adjusted EBITDA declined due to higher freight costs. Net debt stood at R$42,138.2 million with leverage at 3.49x as of June 30, 2026. The company operates in the steel, mining, cement, energy, and logistics industries.

August 11, 2026View Source ↗

Companhia Siderúrgica Nacional reported the final results of an exchange offer for its 6.750% Notes due 2028, which expired on August 10, 2026. Holders tendered US$1,007,324,000 in principal amount, representing 77.49% of the outstanding balance and satisfying the minimum participation condition of 70%. In exchange for these Existing Notes, CSN Inova will issue approximately US$698.3 million in new 11.00% Notes due 2030 and pay approximately US$255.7 million in cash. Settlement is expected on August 12, 2026. The company also received requisite consents to amend the indenture governing the Existing Notes. Companhia Siderúrgica Nacional operates in the steel manufacturing industry.