Marcelo Arazi's questions to Companhia Siderurgica Nacional SA (SID) leadership • Q2 2025
Question
Marcelo Arazi from BTG Pactual asked for more details on the cost efficiency measures in the steel segment and their future evolution. He also inquired about potential CapEx flexibility and other short-term asset sales to improve cash flow.
Answer
An executive detailed steel mill efficiency gains from shutting down Blast Furnace 2, optimizing the load for Blast Furnace 3, and increasing internal sintering production, projecting further slab cost reductions. Regarding capital, the focus is on the lower end of the BRL 5-6 billion CapEx guidance, as projects like P15 are critical for future EBITDA growth. Management confirmed other monetization initiatives, including in the energy segment, are under discussion. Chairman Benjamin Steinbruck added that all deleveraging options are being pursued as short-term priorities.