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National Steel's Q2 loss misses estimates despite higher revenues, as stronger steel, energy and cement results are offset by financial costs.
EBITDA grows 5% with steel margins back to double digits, while leverage ticks up to 3.49x amid ongoing asset sale efforts.
National Steel (NYSE:SID), also known as CSN, reported higher consolidated EBITDA in the second quarter of 2026, supported by improved commercial performance across its steel, cement, logistics and energy businesses, while management continued to emphasize asset sales, working-capital reductions and
São Paulo, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Companhia Siderúrgica Nacional (“CSN”) (NYSE: SID) announced today the final results of the offer to exchange (the “Exchange Offer”) conducted by its subsidiary, CSN Inova Ventures (formerly CSN Islands XI Corp.) (the “Issuer”), an exempted company incorporated under the laws of the Cayman Islands and a direct wholly-owned subsidiary of CSN. The Issuer announced today that the Minimum Participation Condition has been satisfied. The aggregate principal
National Steel (NYSE:SID), the Brazilian steelmaker known as CSN, reported higher first-quarter 2026 adjusted EBITDA despite heavy rainfall, a stronger Brazilian real and continued pressure from steel imports in the early part of the year, executives said on the company’s earnings call. Marco Rabel
Companhia Siderurgica Nacional (SID) reports robust EBITDA growth and significant leverage reduction amid challenging market conditions.
Companhia Siderurgica Nacional (SID) reports robust EBITDA growth driven by mining and logistics, while addressing leverage and market challenges.
Zacks highlights ArcelorMittal, Steel Dynamics, and Companhia Siderurgica Nacional as key steel producers positioned to withstand pricing pressures through strategic expansion, operational efficiency, and market diversification.
Retreating steel prices and sluggishness in China and automotive dampen the Zacks Steel Producers industry prospects. MT, STLD and SID are poised to navigate the challenges.
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