CSN Narrows 2026 Iron Ore Volume Outlook and Sets New Cash Cost Guidance

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

On March 11, 2026, CSN disclosed a material fact updating its operational projections for the 2026 mining business. The company adjusted its expected combined volume of iron ore production and third‑party purchases to a narrower range of 45.0–47.0 million tons, slightly tightening the lower and upper bounds of its previous outlook.

CSN also set a new projection for its 2026 mining C1 cash cost, guiding to a range between US$22.0 and US$23.5 per ton. The revisions signal management’s current view on operational efficiency and cost discipline for the mining segment, while explicitly acknowledging that these estimates are subject to market conditions and may change over time.

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.

The score is held back primarily by weak financial performance (losses, high leverage, and negative free cash flow). Offsetting this, technicals are moderately supportive (price above major moving averages with positive MACD) and the latest earnings call highlighted strong EBITDA growth and improving leverage, 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), or National Steel Company, is a Brazilian publicly held steel and mining group. The company operates in the production of steel and iron ore, serving both domestic and international markets from its base in São Paulo, Brazil.

Average Trading Volume: 4,549,035

Technical Sentiment Signal: Strong Sell

Current Market Cap: $1.82B

See more data about SID stock on TipRanks’ Stock Analysis page.