Companhia Siderurgica Nacional/$SID

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About Companhia Siderurgica Nacional

Companhia Siderurgica Nacional is an integrated steel producer. together with its subsidiaries operates in five main business segments: Steel industry: production and marketing of flat and long steels; Mining: extraction, processing and marketing of iron ore, tin, limestone and dolomite; Cement: production and commercialization of bagged and bulk cement, in addition to aggregates, concrete, and other related products; Energy: generation and sale of energy from almost all renewable sources; and Logistics: participations port concessions and fleets of road transport vehicles. The group generates the majority of its revenue from the Steel industry segment. Geographically, it derives a majority of revenue from Asia.
Ticker
$SID
Sector
Materials
Primary listing
NYSE
Employees
29,000
Headquarters
São Paulo, Brazil

SID Metrics

BasicAdvanced
$1.6B
-
-$0.38
1.43
-

What the Analysts think about SID

Analyst ratings (Buy, Hold, Sell) for Companhia Siderurgica Nacional stock.
Analyst projections of the future price of Companhia Siderurgica Nacional stock.

Bulls say / Bears say

Brazilian anti-dumping measures are helping CSN’s steel business recover: its Q2 steel EBITDA margin rose to 10.5% from 7% in the previous quarter, while domestic sales grew year on year. If the protections and improved pricing hold, steel could contribute more strongly to group earnings. (Scanx, SteelOrbis)
CSN generated positive free cash flow of R$808 million in Q2, helped by operating performance and a reduction in working capital. Further inventory cuts could release more cash and ease near-term funding pressure. (StockTitan)
The cement sale has attracted binding proposals, creating a credible route to raise cash and reduce debt if CSN completes a deal. Reported bids from several interested buyers suggest the process has advanced beyond early-stage discussions. (StockTitan, Bloomberg Línea)
Leverage remains high and profitability weak: CSN reported a R$1.33 billion first-half net loss, R$53.37 billion of borrowings and financing, and negative operating cash flow. That leaves the balance sheet exposed if cash generation does not improve. (StockTitan)
CSN Mineração cut its 2026 production and third-party purchase outlook to 39–41 million tonnes from 45–47 million, while raising its C1 cash-cost forecast. Higher freight costs are making some lower-grade ore uneconomic and could weigh on a key earnings contributor. (StockTitan)
The expected asset-sale relief is not yet secured: reported cement bids of about R$11 billion are below CSN’s reported R$15 billion target, and the closing timetable may slip. A lower or delayed sale would leave the company reliant for longer on costly refinancing and operating cash flow. (Bloomberg Línea, Estadão)
Data summarised monthly by Lightyear AI. Last updated on 30 Sept 2026.

SID Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

SID Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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