Tina Gowda's questions to NATIONAL STEEL (SID) leadership • Q2 2024
Question
Asked via a written question how the company plans to reach its 2.5x leverage target given lower iron ore prices, whether the steel segment can compensate, and what the plans are for the InterCement acquisition now that exclusivity has ended.
Answer
Executives responded that deleveraging depends on multiple factors beyond iron ore, including a turnaround in the steel segment and other strategic actions. They reiterated that reaching the deleverage target is a firm goal for the company. Regarding InterCement, they confirmed that negotiations and interactions with the seller are continuing despite the end of the exclusivity period.