Marcio Faridji's questions to NATIONAL STEEL (SID) leadership • Q2 2025
Question
Marcio Faridji of Goldman Sachs questioned the market dynamics for long steel and the status of conversations with the government on trade protection. He also pressed for clarity on whether the Usiminas stake sale indicates a more aggressive asset disposal strategy.
Answer
Head of Steel Martinez explained that CSN reduced long steel sales by 12% in Q2 due to unreasonably low market prices but plans an 8-10% price increase. Chairman Benjamin Steinbruck stated that a "presidential action" is needed to protect the industry, as talks with ministries have not yielded results. On asset sales, Steinbruck confirmed deleveraging is a top priority but will be pursued in an "intelligent and rational way" at the right time with the right partners.