Companhia Siderurgica Nacional

Companhia Siderúrgica Nacional reported Q2 2026 revenue of $2.18 billion and an adjusted loss per share of -$0.1121, both slightly better than consensus estimates. EBITDA rose 5% year-on-year and quarter-on-quarter, free cash flow was positive at BRL 808 million, and leverage improved to 3.49x. Management cites better prices, higher sales volumes and tighter working capital as drivers; a bond exchange extended maturities totaling $1 billion. For H2 the company plans higher steel margins (15–17%) despite risks from high interest rates, import pressure and persistently high debt. » More on de.investing.com

CSN subsidiary CSN Inova Ventures is offering holders of the senior 6.75% notes due 2028 an exchange into new senior notes (11.00%) due 2030 plus a cash payment. For each $1,000 principal of the old notes, eligible holders will receive new notes with a principal amount of $746.15 and a cash payment of $253.85; the new notes can step down to 10.50% if certain redemption conditions are met. The offer covers the 2028 notes with a total principal amount of $1.3bn and requires at least $910m (70%) to be tendered; the deadline is 10 August 2026, with settlement expected on 12 August 2026. CSN Inova may repurchase the new notes at par at any time; the offer is directed at qualified institutional buyers and non‑US persons outside the United States. » More on de.investing.com

Companhia Siderúrgica Nacional reported Q1 2026 revenue of $2.16bn (expectation $2.05bn, +5.37%), while earnings per share of -$0.0852 missed the forecast of $0.0413 by a wide margin. EBITDA rose 5.5% year-on-year with a margin of 30.1% and leverage improved to 3.36x. The stock proved resilient and rose 1.56% in premarket trading. CSN forecasts further revenue growth for Q2 and Q3 but still expects negative EPS in the coming quarters. » More on de.investing.com