SID · NYSE · Steel

CSN (ADR) (SID)

Produces steel through an integrated Brazilian system spanning mining, logistics, energy, and cement.

$1.20
vs last close+0.03 (+2.56%)
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Companhia Siderúrgica NacionalSID
Materials

Produces steel within an integrated Brazilian industrial system that also includes iron ore, cement, logistics, and energy. Mining inputs and rail-and-port infrastructure connect its operating lines, while SID trades in New York as an ADR.

Steelmaking is anchored in Volta Redonda and supplied by the group's iron-ore inputs. CSN sells steel alongside iron ore, cement, logistics, and energy services through its operating lines. Its industrial system grew after privatization.

Rail, port, road, and dry-port assets tie mining and steel production to distribution, while power projects support the industrial system. The cement business developed from blast-furnace slag and was expanded through the LafargeHolcim Brasil acquisition.

The group depends on integrated mine-to-port infrastructure and its Brazilian industrial base; its NYSE security is an ADR alongside B3 common shares.

Company facts

CEOBenjamin Steinbruch
ListedNov 14, 1997
ExchangeNYSE
HeadquartersSão Paulo, SP
CountryBrazil
Employees29,664
CIK0001049659
ISINUS20440W1053

Market cap$1.55B
EPS (ttm)−$0.3877
P/E (ttm)−3.02
ROE-26.1%
P/B0.6523
P/S0.1758
Dividend yieldDiv yield7.85%
Beta2.04vs XLB 0.79

Price target$1.40+19.7%Average of 5 analysts
ConsensusSell4 of 5 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Dec 15, 2025UBSReiterate
Rating: Target:
Rating: SellTarget: $1.40

Next report
Nov 10, 26
in 49 days
EPS estimate
−$0.09
Revenue estimate
$2.28B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Jul '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.01−$0.08−$0.02$0.01−$0.15−$0.08−$0.12Pending
Estimate−$0.09$0.01−$0.03$0.02−$0.02$0.03−$0.12−$0.09
Surprise+87.8%−745.7%+24.0%−56.3%−814.1%−334.5%+1.2%

RevenueReportedEstimate

Mar '25May '25Jul '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$2.07B$1.93B$1.93B$2.20B$2.11B$2.13B$2.20BPending
Estimate$2.02B$1.91B$1.98B$2.09B$2.02B$2.09B$2.13B$2.28B
Surprise+2.1%+1.1%−2.8%+5.6%+4.3%+1.7%+3.1%
Estimate−$0.09
ReportedDue Nov 10, 2026
Estimate$2.28B
ReportedDue Nov 10, 2026
View details

Debt to equity447.20%
Current ratio114.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$2.17B$2.35B$2.13B$2.09B$2.31B$2.27B$2.04B$2.21B
Net income−$146.9M−$123.9M−$121.1M−$32.5M−$26.8M−$214.6M−$118.2M−$155.4M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$152.9M$364.1M$173.7M$211.6M$361.2M$190.4M$157.3M$149.6M
YoY growthTurned profit−23.4%+52.3%−33.0%+136.2%−47.7%−9.4%−29.3%

Balance sheet, Jun 30, 2026Cash & short-term investments $2.79B · Total debt $10.63B · Total assets $19.65B · Shareholders' equity $2.38B

Revenue
$2.21B
Operating income
$149.6M
Net income
−$155.4M

Reported in BRL, converted at the latest exchange rate

View details

Dividend yield
7.85%
Next ex-date
Nov 29, 26
estimated · in 68 days
Annual dividend
$0.09
per share
Schedule
Annual
one payment a year

HistoryDividendAnnual yield

May '22Dec '22Nov '23May '24Nov '24
Dividend$0.1351$0.2254$0.1517$0.1375$0.0919
Annual yield10.97%12.79%4.70%11.17%12.27%
Ex-dateMay 11Dec 1Nov 22May 22Nov 29
Payment dateMay 31Dec 9Dec 6Jun 6Dec 5
View details

Institutions2.13%28.31M ADS
70 holders · as of Jun 30, 2026
Insiders41.70%552.91M ADS
2 holders · as of Apr 7, 2026
Other56.17%744.87M ADS
remainder

1.33B ADS as of Sep 18, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2022 annual report; nothing newer is on file here.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Benjamin SteinbruchInsiderdirector, officer: CEO and Board Member
41.69%552.91M ordinaryfiled Apr 7, 2026
Vanguard Capital Management LLCInstitution
0.34%4.51M ADSas of Jun 30, 2026
Renaissance Technologies LLCInstitution
0.27%3.61M ADSas of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
0.26%3.51M ADSas of Jun 30, 2026
UBS Group AGInstitution
0.25%3.34M ADSas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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