Marcio Faridji's questions to Companhia Siderurgica Nacional SA (SID) leadership • Q2 2025
Question
Marcio Faridji from Goldman Sachs asked for commentary on the long steel market and the status of conversations with the government on trade protection. He also pressed for the rationale behind the Usiminas stake sale, questioning if it signals a more aggressive deleveraging posture.
Answer
An executive, Martinez, described the long steel market as suffering from a "lack of coordination," which led CSN to reduce volume in Q2 due to extremely low prices, though an 8-10% price increase is planned. Chairman Benjamin Steinbruck emphasized the need for presidential action to protect the industry from a "flood" of imports. He confirmed that deleveraging through asset sales is a top priority, to be executed intelligently and swiftly.