Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An announcement from Companhia Siderúrgica Nacional ( (SID) ) is now available.
On May 13, 2026, CSN reported its first-quarter 2026 results, showing net revenue of R$ 10.6 billion, down 7.0% from the previous quarter and 2.8% year over year, as heavy rainfall, a weaker steel product mix and exchange-rate moves weighed on mining and steel sales. Cost of goods sold rose 4.5% quarter over quarter, gross margin narrowed versus late 2025 but improved slightly year on year, SG&A fell sharply from the prior quarter, and the company posted a net loss of R$ 555 million, although this represented a better performance than in both 4Q25 and 1Q25.
Other operating expenses improved significantly versus year-end levels, partly as the non-recurring impacts from the blast furnace No. 2 maintenance idleness and related hedging effects subsided, while the financial result remained negative but improved compared with 1Q25 due to lower currency impacts on overseas investments. Adjusted EBITDA reached R$ 2.65 billion with a 23.9% margin, driven by record cement performance and strength in logistics despite seasonal weakness in mining and construction demand, and management highlighted robust March steel sales as a sign of potentially stronger results in the second quarter of 2026, even as free cash flow was negative R$ 1.60 billion on seasonal softness, working-capital use and high financial outflows.
The most recent analyst rating on (SID) stock is a Sell with a $1.40 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 primarily constrained by weak financial performance (multi-year losses, high leverage, and negative 2025 operating/free cash flow). Technicals add a modest drag due to the price remaining below key longer-term moving averages and a negative MACD. Valuation is not supportive because the company is loss-making (negative P/E) and no dividend yield is provided.
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 industrial group with core operations in steel, mining, cement and logistics. Listed in São Paulo and New York, it produces flat steel, iron ore and cement, and leverages an integrated logistics platform, including rail and multimodal assets, to serve domestic and export markets.
Average Trading Volume: 5,080,967
Technical Sentiment Signal: Sell
Current Market Cap: $1.72B
For an in-depth examination of SID stock, go to TipRanks’ Overview page.