CSN (ADR)
Produces steel through an integrated Brazilian system spanning mining, logistics, energy, and cement.
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Profile
Produces steel within an integrated Brazilian industrial system that also includes iron ore, cement, logistics, and energy. Mining inputs and rail-and-port infrastructure connect its operating lines, while SID trades in New York as an ADR.
Steelmaking is anchored in Volta Redonda and supplied by the group's iron-ore inputs. CSN sells steel alongside iron ore, cement, logistics, and energy services through its operating lines. Its industrial system grew after privatization.
Rail, port, road, and dry-port assets tie mining and steel production to distribution, while power projects support the industrial system. The cement business developed from blast-furnace slag and was expanded through the LafargeHolcim Brasil acquisition.
The group depends on integrated mine-to-port infrastructure and its Brazilian industrial base; its NYSE security is an ADR alongside B3 common shares.
Company facts
Key statistics
Year to date −36.6% · Average volume (30d) 3.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Dec 15, 2025 | UBS | Reiterate | Sell | $1.40 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$0.12 | −$0.12 | +1.2% | $2.13B | $2.18B | +2.1% | +3.70% |
| May 13, 2026Q1 FY26 | $0.05 | −$0.08 | −272.3% | $2.09B | $2.13B | +1.7% | +5.47% |
| Mar 11, 2026Q4 FY25 | −$0.01 | −$0.15 | −1,472.3% | $2.02B | $2.28B | +12.9% | −13.04% |
| Nov 12, 2025Q3 FY25 | $0.10 | $0.01 | −90.0% | $1.99B | $2.21B | +11.2% | −1.21% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.10B | $2.05B | $2.27B | $2.22B | $2.00B | $2.17B | |
| Gross profit | $486.5M | $523.7M | $654.3M | $692.1M | $462.1M | $534.2M | |
| Operating income | $170.5M | $207.8M | $354.7M | $187.0M | $154.4M | $209.7M | |
| Net income | −$118.9M | −$31.9M | −$26.3M | −$210.7M | −$116.0M | −$152.6M | |
| Diluted EPS | −$0.09 | −$0.02 | −$0.02 | −$0.16 | −$0.09 | −$0.12 | |
| Gross margin | 23.2% | 25.5% | 28.9% | 31.1% | 23.1% | 24.6% | |
| Operating margin | 8.1% | 10.1% | 15.7% | 8.4% | 7.7% | 9.7% |
Fiscal years (4-quarter sums)FY21 $9.20B · FY22 $8.52B · FY23 $8.73B · FY24 $8.39B · FY25 $8.64B
Balance sheet, Jun 30, 2026Cash & short-term investments $2.74B · Total debt $10.44B · Total assets $19.30B · Shareholders' equity $2.33B
Dividends
Last cut to $0.0919 from $0.1375 in Nov 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Nov 29, 2024 | Nov 29 | Dec 5 | $0.0919 | cut from $0.1375 |
| May 22, 2024 | May 23 | Jun 6 | $0.1375 | cut from $0.1517 |
| Nov 22, 2023 | Nov 24 | Dec 6 | $0.1517 | cut from $0.2254 |
| May 10, 2023 | May 11 | May 24 | $0.2458 | special dividend |
| Jan 5, 2023 | Jan 6 | $0.1066 | special dividend | |
| Dec 1, 2022 | Dec 2 | Dec 9 | $0.2254 | raised from $0.1351 |
| May 11, 2022 | May 12 | May 31 | $0.1351 | |
| Jan 7, 2022 | Jan 10 | $0.0393 | special dividend |
Ownership
Shares outstanding 1.33B · Float —
Float — provider float is below the insider stake.
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Renaissance Technologies LLC | 5.02M | 0.38% | 13F | May 14, 2026 |
| Vanguard Capital Management LLC | 4.43M | 0.33% | 13F | May 15, 2026 |
| Dimensional Fund Advisors LP | 3.58M | 0.27% | 13F | May 7, 2026 |
| American Century Companies Inc | 3.11M | 0.23% | 13F | May 15, 2026 |
| Jane Street Group, LLC | 1.85M | 0.14% | 13F | May 12, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- ArcelorMittal (ADR)
Brazilian flat, long and tubular steel producer
- Gerdau (ADR)
Brazilian flat-steel and iron-ore supplier
- Vale (ADR)
Brazilian iron-ore producer with integrated export logistics
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CSN (ADR) | $1.03 | +0.78% | $1.35B | — | — | 0.2 | +10.7% |
| ArcelorMittal (ADR) | $74.39 | +0.01% | $56.62B | 31.5 | — | 0.9 | +5.2% |
| Gerdau (ADR) | $4.64 | +0.87% | $9.07B | 21.3 | 9.5 | — | +8.2% |
| Vale (ADR) | $15.10 | +0.40% | $64.10B | 31.3 | 8.3 | 1.6 | +19.2% |
| Median | 31.3 | 8.9 | 1.2 | +8.2% |