CSN Launches 2026 Deleveraging Plan to Fund Mining and Infrastructure-Led Growth

Companhia Siderúrgica Nacional ( (SID) ) has provided an update.

In January 2026, CSN announced a strategic plan approved by its board to begin, in 2026, a series of moves aimed at deleveraging the group and rebalancing its capital structure to support a new growth cycle focused on mining and infrastructure projects under its control. The company plans to divest selected assets in 2026 to reduce leverage by approximately R$16–18 billion, building on the 2025 sale of an 11% stake in logistics operator MRS to CSN Mineração for R$3.35 billion, and intends to sell a significant equity stake in its CSN Infra platform and the controlling stake in its cement operations in 2026, while evaluating strategic alternatives and partnerships in steel to maximize short-term cash generation. Management projects that, with a renewed asset portfolio centered on high-return mining, logistics and energy assets, CSN has the potential to double EBITDA and profitability over roughly eight years while maintaining leverage around 1x, as expansion projects in iron ore (such as the P15 ramp-up), infrastructure, and cement, combined with its renewable energy platform, are expected to enhance margins, operational scale and long-term value creation for stakeholders.

The most recent analyst rating on (SID) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Companhia Siderúrgica Nacional stock, see the SID Stock Forecast page.

Spark’s Take on SID Stock

According to Spark, TipRanks’ AI Analyst, SID is a Neutral.

Overall score is held back primarily by weak financial performance (losses and high leverage) and limited valuation support due to negative earnings. These are partially offset by improving technical momentum and a generally positive earnings-call read-through (strong EBITDA growth and leverage reduction), though cash flow and steel-market pressures remain key risks.

To see Spark’s full report on SID stock, click here.

More about Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional (CSN) is a Brazilian industrial group active in steel, mining, cement, logistics and energy, and is one of Brazil’s largest integrated flat steel producers and the 7th largest iron ore exporter globally. Through subsidiaries such as CSN Mineração, CSN Infra and CSN Cimentos, the group operates high-grade iron ore mines with large reserve bases, integrated cement plants with extensive logistics and distribution networks, and a portfolio of rail, port and multimodal infrastructure assets, as well as a sizeable renewable energy platform that provides self-sufficiency and cost advantages to its industrial operations.

Average Trading Volume: 2,791,590

Technical Sentiment Signal: Hold

Current Market Cap: $2.51B

For detailed information about SID stock, go to TipRanks’ Stock Analysis page.