Companhia Siderúrgica Nacional filings document the U.S. disclosure record of a Brazilian foreign private issuer that files on Form 20-F and furnishes Form 6-K reports. The filings include annual report notices, consolidated and parent-company financial statements, quarterly and full-year operating results, and accounting disclosures prepared under Brazilian accounting practices and IFRS.
CSN's regulatory reports also cover material facts, mining volume and cash-cost projections, strategic updates, shareholder-meeting notices, and capital-structure matters. The filing record reflects the company's ADR and B3-listed equity context, its steel, mining, cement, energy and logistics businesses, and balance-sheet disclosures for borrowings, financing, payables, provisions and shareholders' equity.
Companhia Siderúrgica Nacional (CSN) has submitted its latest annual disclosure to U.S. investors. The company filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission on April 30, 2026.
Shareholders and holders of American depositary shares can request a hard copy of CSN’s complete audited financial statements from the Investor Relations Department free of charge. The Form 20-F is also available on CSN’s Investor Relations website. The notice includes a standard caution that any forward-looking statements are subject to risks and uncertainties.
Companhia Siderúrgica Nacional files its Form 20-F annual report for the year ended December 31, 2025, prepared in thousands of reais under IFRS Accounting Standards as issued by the IASB. The company highlights macroeconomic exposure to Brazil, where GDP grew 2.9%, 3.4% and 2.3% in 2023, 2024 and 2025, and to exchange-rate swings, with the real moving between R$4.8413 and R$6.1923 per US$1.00 in recent years before ending 2025 at R$5.5024.
CSN reports significant export dependence—export sales were 50.25% of total sales in 2025—and substantial foreign-currency leverage, with R$33,897.5 million of U.S. dollar‑denominated or linked debt, representing 63.25% of total indebtedness. Overall debt was R$56,924.6 million against R$14,421.0 million in cash and equivalents, and R$10,523.0 million matures in 2026.
The report devotes extensive space to risk factors, including political and inflation risk in Brazil, high SELIC interest rates, global steel and iron ore cyclicality, Chinese demand concentration, import competition, U.S. and EU trade barriers and CBAM, environmental licensing and dam regulation, operational and cybersecurity incidents, AI governance, high leverage and refinancing risk, and governance, compliance and shareholder-related risks for holders of common shares and ADSs.
NATIONAL STEEL CO director and CEO Benjamin Steinbruch filed an initial ownership report detailing his holdings of the company’s common shares. The filing shows 500,002 common shares held directly. It also lists indirect interests in 45,706,242 shares held by Rio Iaco Participacoes S.A. and 552,412,693 shares held by Vicunha Acos S.A., described as a direct controlling shareholder of the issuer. In both cases, he reports only an indirect pecuniary interest and expressly disclaims beneficial ownership beyond that interest.
Companhia Siderúrgica Nacional (CSN) reported 2025 consolidated net revenue of R$44.8 billion, slightly above R$43.7 billion in 2024, but booked a net loss of R$1.51 billion, similar to the prior year’s R$1.54 billion loss, as high financial expenses offset operating gains.
Cash and cash equivalents fell to R$14.4 billion from R$23.3 billion, and net cash from operating activities swung to an outflow of R$973 million from an inflow of R$8.65 billion. CSN expanded via acquisitions, including 70% of Grupo Estrela for R$752.5 million and steel-processing businesses Galvacolor, Gramperfil and Global Dot, which together generated significant goodwill tied to expected synergies in logistics and downstream steel operations.
NATIONAL STEEL CO executive officer Teixeira de Freitas Pedro Van Langendonck filed an initial ownership report on Form 3. This filing lists him as an executive officer of the company but does not report any transactions or holdings in the excerpt provided.
NATIONAL STEEL CO executive officer Augusto Cesar Ferreira Lara filed an initial insider ownership report on Form 3. The filing lists him as an executive officer but does not report any stock purchases, sales, option exercises, gifts, or other transactions, indicating this is a baseline disclosure of his status as an insider.
National Steel Co director Franklin Fabiam filed an initial Form 3, which is a required disclosure of insider ownership when someone becomes a director. This filing does not list any stock or option transactions and shows no reported beneficial holdings or derivative positions at this time.
National Steel Co
National Steel Co director Nakano Yoshiaki has filed an initial ownership report showing a direct holding of common shares. The Form 3 indicates that he beneficially owns 1,500 common shares of National Steel Co directly as of the reported date, with no buy or sell transaction disclosed in this filing.
National Steel Co submitted a Form 3 identifying Campos Rabello Antonio Marco as an officer of the company, serving as CFO and Investor Relations Officer (IRO). The filing reports no stock transactions or derivative positions for him, and shows no current holdings in the summarized data.