Companhia Siderurgica Nacional S.A. (SID)

The company now

On 30 October 2026, CSN signed a 10-day exclusivity agreement with Huaxin Building Materials Group for the sale of shares in its cement subsidiary, CSN Cimentos 1. The agreement contemplates an enterprise value of R$12.7 billion, and CSN says it intends to sign the definitive documents within days 1. Huaxin made the most advantageous proposal in the competitive process launched in March 2026 1.

On 9 October, CSN and its Spanish subsidiary CSN Steel signed a binding term sheet with Megasa for the sale of all shares of Stahlwerk Thüringen, its German long-steel mill 2. The term sheet sets an enterprise value of €550 million, subject to adjustments, and CSN calls the sale a step in a divestment program to reduce leverage 2.

On 29 September, the mining subsidiary CSN Mineração cut production of lower-grade iron ore at its Pires Complex, citing higher freight costs 3. CSN lowered its 2026 production and third-party purchase guidance from 45.0 to 47.0 million tons to 39.0 to 41.0 million tons 3.

On 3 September, Fabio Schvartsman became chief executive, and Benjamin Steinbruch, who had held the post since 2002, became chairman of the board 48. Net debt stood at R$42.1 billion at the end of June, the company reported 6.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.