Tina Gowda's questions to Companhia Siderurgica Nacional SA (SID) leadership • Q2 2024
Question
In a written question, Tina Gowda asked how CSN plans to reach its 2.5x leverage target given lower iron ore prices, questioning if the steel segment could compensate for the difference. She also asked about plans for InterCement now that exclusivity has ended.
Answer
An unnamed executive responded that deleveraging relies on multiple factors beyond iron ore prices, including the operational turnaround in the steel segment and other strategic actions like the [3EEE] deal. He affirmed that deleveraging is a firm goal for the company. Regarding InterCement, he reiterated that negotiations and interactions with the seller are continuing despite the lack of exclusivity.