National Steel Co 6-K, filed Nov 30, 2022

National Steel Co (SID)

6-K 2022-11-30 For: 2022-09-30

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Added on April 11, 2026

About this 6-K

National Steel Co filed this 6-K on November 30, 2022.

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Company Information
Capital Breakdown	1
Parent Company Financial Statements
Balance Sheet – Assets	2
Balance Sheet – Liabilities	3
Statement of Income	4
Statement of Comprehensive Income	5
Statement of Cash Flows	6
Statement of Changes in Shareholders’ Equity
01/01/2022 to 09/30/2022	8
01/01/2021 to 09/30/2021	9
Statement of Value Added	10
Consolidated Financial Statements
Balance Sheet – Assets	11
Balance Sheet - Liabilities	12
Statement of Income	13
Statement of Comprehensive Income	14
Statement of Cash Flows	15
Statement of Changes in Shareholders’ Equity
01/01/2022 to 09/30/2022	17
01/01/2021 to 09/30/2021	18
Statement of Value Added	19
Comments on the Company’s Consolidated Performance	20
Notes to the financial information	44
Comments on the Performance of Business Projections	96
Reports and Statements
Unqualified Independent Auditors’ Review Report	100
Officers Statement on the Financial Statements	102
Officers Statement on Auditor’s Report	103

Number of Shares (Units)	Current Year 09/30/2022
Paid-in Capital
Common	1,326,093,947
Preferred	0
Total	1,326,093,947
Treasury Shares
Common	0
Preferred	0
Total	0

Parent Company Financial Statements / Balance Sheet - Assets (BRL thousand)

Code	Description	Current Quarter 09/30/2022	Previous Year 12/31/2021
1	Total Assets	61,135,432	61,933,890
1.01	Current assets	14,516,561	18,241,837
1.01.01	Cash and cash equivalents	2,764,344	3,885,265
1.01.02	Financial investments	1,339,364	2,426,457
1.01.02.01	Financial investments measured a fair value through profit or loss	1,288,977	2,383,059
1.01.02.01.03	Financial investments measured a fair value through profit or loss – Usiminas’ shares	1,288,977	2,383,059
1.01.02.03	Financial investments at amortized cost	50,387	43,398
1.01.03	Trade receivables	2,103,276	2,375,512
1.01.04	Inventory	6,955,768	7,508,183
1.01.06	Recoverable taxes	737,137	1,255,697
1.01.08	Other current assets	616,672	790,723
1.01.08.03	Others	616,672	790,723
1.01.08.03.02	Prepaid expenses	291,386	185,968
1.01.08.03.03	Dividends receivable	150,989	486,506
1.01.08.03.04	Others	174,297	118,249
1.02	Non-current assets	46,618,871	43,692,053
1.02.01	Long-term assets	10,658,113	9,982,573
1.02.01.03	Financial investments at amortized cost	136,167	132,523
1.02.01.07	Deferred taxes assets	4,097,191	4,843,653
1.02.01.10	Other non-current assets	6,424,755	5,006,397
1.02.01.10.03	Recoverable taxes	870,813	691,286
1.02.01.10.04	Judicial deposits	239,138	222,481
1.02.01.10.05	Prepaid expenses	85,914	109,583
1.02.01.10.06	Receivable from related parties	3,166,393	2,442,198
1.02.01.10.07	Others	2,062,497	1,540,849
1.02.02	Investments	28,192,190	26,140,909
1.02.02.01	Equity interest	28,051,447	25,998,331
1.02.02.02	Investment Property	140,743	142,578
1.02.03	Property, plant and equipment	7,716,629	7,508,842
1.02.03.01	Property, plant and equipment in operation	6,732,734	6,752,158
1.02.03.02	Right of use in leases	13,238	15,996
1.02.03.03	Property, plant and equipment in progress	970,657	740,688
1.02.04	Intangible assets	51,939	59,729

Parent Company Financial Statements / Balance Sheet – Liabilities
(BRL thousand)

Code	Description	Current Quarter 09/30/2022	Previous Year 12/31/2021
2	Total Liabilities	61,135,432	61,933,890
2.01	Current liabilities	14,366,065	16,202,230
2.01.01	Payroll and related taxes	190,675	133,595
2.01.02	Trade payables	4,006,546	4,710,811
2.01.03	Tax payables	221,344	761,868
2.01.04	Borrowings and financing	3,195,066	3,864,228
2.01.05	Other payables	6,722,401	6,696,157
2.01.05.02	Others	6,722,401	6,696,157
2.01.05.02.04	Dividends and interests on shareholder´s equity	455,002	1,125,359
2.01.05.02.05	Advances from customers	121,321	148,822
2.01.05.02.06	Trade payables – Forfaiting and Drawee risk	5,328,002	4,439,967
2.01.05.02.07	Lease liabilities	8,524	7,602
2.01.05.02.08	Other payables	809,552	974,407
2.01.06	Provisions	30,033	35,571
2.01.06.01	Provision for tax, social security, labor and civil risks	30,033	35,571
2.02	Non-current liabilities	25,656,852	25,416,662
2.02.01	Borrowings and financing	16,423,469	16,568,616
2.02.02	Other payables	253,453	319,859
2.02.02.02	Others	253,453	319,859
2.02.02.02.03	Lease liabilities	6,567	10,339
2.02.02.02.04	Derivative financial instruments	69,394	101,822
2.02.02.02.05	Trade payables	18,642	43,396
2.02.02.02.06	Other payables	158,850	164,302
2.02.04	Provisions	8,979,930	8,528,187
2.02.04.01	Provision for tax, social security, labor and civil risks	320,230	333,285
2.02.04.02	Other provisions	8,659,700	8,194,902
2.02.04.02.03	Provision for environmental liabilities and decommissioning of assets	167,382	159,254
2.02.04.02.04	Pension and healthcare plan	584,288	584,288
2.02.04.02.05	Provision for losses on investments	7,908,030	7,451,360
2.03	Shareholders’ equity	21,112,515	20,314,998
2.03.01	Paid-up capital	10,240,000	10,240,000
2.03.02	Capital reserves	32,720	32,720
2.03.04	Earnings reserves	9,697,708	10,092,888
2.03.04.01	Legal reserve	1,081,222	1,081,222
2.03.04.02	Statutory reserve	8,616,486	9,948,596
2.03.04.09	Treasury shares	-	(936,930)
2.03.05	Accumulated earnings (losses)	1,537,119	-
2.03.08	Other comprehensive income	(395,032)	(50,610)

Parent Company Financial Statements / Statement of Income
(BRL thousand)
Code	Description	Current Quarter 07/01/2022 to 09/30/2022	Year to date 01/01/2022 to 09/30/2022	Same quarter previous year 07/01/2021 to 09/30/2021	YTD previous year 01/01/2021 to 09/30/2021
3.01	Revenues from sale of goods and rendering of services	6,474,363	19,011,952	6,873,294	18,524,592
3.02	Costs from sale of goods and rendering of services	(5,555,003)	(15,317,359)	(4,176,175)	(11,910,176)
3.03	Gross profit	919,360	3,694,593	2,697,119	6,614,416
3.04	Operating (expenses)/income	(616,628)	(83,999)	(312,976)	5,334,820
3.04.01	Selling expenses	(244,946)	(708,561)	(210,412)	(517,200)
3.04.02	General and administrative expenses	(59,809)	(170,135)	(54,251)	(171,726)
3.04.04	Other operating income	164,627	202,219	(14,452)	2,650,650
3.04.05	Other operating expenses	(772,796)	(1,524,625)	(166,188)	(720,986)
3.04.06	Equity in results of affiliated companies	296,296	2,117,103	132,327	4,094,082
3.05	Income before financial income (expenses) and taxes	302,732	3,610,594	2,384,143	11,949,236
3.06	Financial income (expenses)	(3,127)	(1,364,779)	(235,883)	302,365
3.06.01	Financial income	116,663	(605,214)	(361,353)	1,014,750
3.06.02	Financial expenses	(119,790)	(759,565)	125,470	(712,385)
3.06.02.01	Net exchange differences over financial instruments	514,586	922,314	435,400	276,199
3.06.02.02	Financial expenses	(634,376)	(1,681,879)	(309,930)	(988,584)
3.07	Income before income taxes	299,605	2,245,815	2,148,260	12,251,601
3.08	Income tax and social contribution	(166,214)	(708,696)	(998,723)	(896,278)
3.09	Net income from continued operations	133,391	1,537,119	1,149,537	11,355,323
3.11	Net income for the year	133,391	1,537,119	1,149,537	11,355,323
3.99	Earnings per share – (Reais / Share)
3.99.01	Basic earnings per share
3.99.01.01	Common shares	0.10059	1.15804	0.83293	8.22781
3.99.02	Diluted earnings per share
3.99.02.01	Common shares	0.10059	1.15804	0.83293	8.22781

(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

Quarterly Financial Information – September 30, 2022 – CIA SIDERURGICA NACIONAL	Version: 1

6.02.06	Net cash received from sale of CSN Mineração's shares	-	3,164,612
6.02.07	Intercompany loans granted	(165,658)	(145,892)
6.02.09	Intercompany loans received	3,679	(280)
6.02.11	Financial Investments, net of redemption	(10,634)	1,370,169
6.03	Net cash used in financing activities	(1,590,990)	(12,468,096)
6.03.01	Borrowings and financing raised	1,912,203	190,903
6.03.02	Transactions cost - Borrowings and financing	(5,216)	(9,863)
6.03.03	Borrowings and financing – related parties	3,972,052	1,830,102
6.03.05	Amortization of borrowings and financing	(3,523,998)	(4,265,560)
6.03.06	Amortization of borrowings and financing - related parties	(2,857,843)	(7,556,745)
6.03.07	Amortization of leases	(6,584)	(7,485)
6.03.08	Dividends and interest on shareholder’s equity	(673,129)	(2,649,448)
6.03.10	Share repurchase	(408,475)	-
6.05	Increase (decrease) in cash and cash equivalents	(1,120,921)	(3,076,315)
6.05.01	Cash and equivalents at the beginning of the year	3,885,265	4,647,125
6.05.02	Cash and equivalents at the end of the year	2,764,344	1,570,810

Consolidated Financial Statements / Balance Sheet - Assets
(BRL thousand)
Code	Description	Current Quarter 09/30/2022	Previous Year 12/31/2021
1	Total assets	82,638,399	79,379,103
1.01	Current assets	31,118,220	34,972,354
1.01.01	Cash and cash equivalents	14,319,373	16,646,480
1.01.02	Financial investments	1,477,615	2,644,732
1.01.02.01	Financial investments measured a fair value through profit or loss	1,288,977	2,383,059
1.01.02.01.03	Financial investments measured a fair value through profit or loss – Usiminas’ shares	1,288,977	2,383,059
1.01.02.03	Financial investments at amortized cost	188,638	261,673
1.01.03	Trade receivables	2,733,706	2,597,838
1.01.04	Inventory	10,428,521	10,943,835
1.01.06	Recoverable taxes	1,365,088	1,655,349
1.01.08	Other current assets	793,917	484,120
1.01.08.03	Others	793,917	484,120
1.01.08.03.02	Prepaid expenses	497,077	225,036
1.01.08.03.03	Dividends receivable	61,924	76,878
1.01.08.03.05	Others	234,916	182,206
1.02	Non-current assets	51,520,179	44,406,749
1.02.01	Long-term assets	12,813,651	11,206,737
1.02.01.03	Financial investments at amortized cost	152,348	147,671
1.02.01.05	Inventory	948,234	656,193
1.02.01.07	Deferred taxes assets	5,072,047	5,072,092
1.02.01.10	Other non-current assets	6,641,022	5,330,781
1.02.01.10.03	Recoverable taxes	1,282,507	965,026
1.02.01.10.04	Judicial deposits	460,691	339,805
1.02.01.10.05	Prepaid expenses	116,403	133,614
1.02.01.10.06	Receivable from related parties	2,703,349	2,070,305
1.02.01.10.07	Others	2,078,072	1,822,031
1.02.02	Investments	5,674,022	4,011,828
1.02.02.01	Equity interest	5,514,175	3,849,647
1.02.02.02	Investment Property	159,847	162,181
1.02.03	Property, plant and equipment	25,347,190	21,531,134
1.02.03.01	Property, plant and equipment in operation	20,514,520	17,305,628
1.02.03.02	Right of use in leases	649,420	581,824
1.02.03.03	Property, plant and equipment in progress	4,183,250	3,643,682
1.02.04	Intangible assets	7,685,316	7,657,050

Consolidated Financial Statements / Statements of Income (BRL thousand )
Code	Description	Current Quarter 07/01/2022 to 09/30/2022	Year to date 01/01/2022 to 09/30/2022	Same quarter previous year 07/01/2021 to 09/30/2021	YTD previous year 01/01/2021 to 09/30/2021
3.01	Revenues from sale of goods and rendering of services	10,897,049	33,232,837	10,246,173	37,551,074
3.02	Costs from sale of goods and rendering of services	(8,358,934)	(23,206,660)	(5,941,522)	(19,231,398)
3.03	Gross profit	2,538,115	10,026,177	4,304,651	18,319,676
3.04	Operating (expenses)/income	(1,411,195)	(3,572,645)	(625,288)	(354,671)
3.04.01	Selling expenses	(647,943)	(1,595,871)	(603,615)	(1,706,395)
3.04.02	General and administrative expenses	(150,475)	(440,727)	(158,853)	(438,756)
3.04.04	Other operating income	173,285	222,901	8,922	2,705,119
3.04.05	Other operating expenses	(879,423)	(1,925,974)	33,269	(1,078,194)
3.04.06	Equity in results of affiliated companies	93,361	167,026	94,989	163,555
3.05	Income before financial income (expenses) and taxes	1,126,920	6,453,532	3,679,363	17,965,005
3.06	Financial income (expenses)	(318,494)	(2,333,743)	(943,426)	(1,483,984)
3.06.01	Financial income	284,757	(259,219)	(297,930)	1,079,410
3.06.02	Financial expenses	(603,251)	(2,074,524)	(645,496)	(2,563,394)
3.06.02.01	Net exchange differences over financial instruments	479,862	987,446	247,882	(138,476)
3.06.02.02	Financial expenses	(1,083,113)	(3,061,970)	(893,378)	(2,424,918)
3.07	Income before income taxes	808,426	4,119,789	2,735,937	16,481,021
3.08	Income tax and social contribution	(570,794)	(2,148,883)	(1,411,285)	(3,946,396)
3.09	Net income from continued operations	237,632	1,970,906	1,324,652	12,534,625
3.11	Consolidated net income for the year	237,632	1,970,906	1,324,652	12,534,625
3.11.01	Earnings attributable to the controlling interests	133,391	1,537,119	1,149,537	11,355,323
3.11.02	Earnings it attributable to the non-controlling interests	104,241	433,787	175,115	1,179,302
3.99	Earnings per share – (Reais / Share)	-	-	-	-
3.99.01.01	Basic Earnings Common shares	0.10059	1.15804	0.83293	8.22781
3.99.02.01	Diluted Earnings Common shares	0.10059	1.15804	0.83293	8.22781

Consolidated Financial Statements / Statement of Comprehensive Income
(BRL thousand)

Code	Description	Current Quarter 07/01/2022 to 09/30/2022	Year to date 01/01/2022 to 09/30/2022	Same quarter previous year 07/01/2021 to 09/30/2021	YTD previous year 01/01/2021 to 09/30/2021
4.01	Consolidated net income for the year	237,632	1,970,906	1,324,652	12,534,625
4.02	Other comprehensive income	(304,859)	(647,500)	(966,533)	(183,424)
4.02.01	Actuarial gains over pension plan of subsidiaries, net of taxes	(2)	54	32	87
4.02.04	Cumulative translation adjustments for the year	(128,842)	(714,813)	174,408	(18,060)
4.02.06	Treasury shares acquired by reflex subsidiary	-	-	(180,819)	(180,819)
4.02.10	(Loss)/gain cash flow hedge accounting, net of taxes	(493,872)	(376,400)	(998,799)	(302,649)
4.02.13	Cash flow hedge reclassified to income upon realization, net of taxes	409,102	830,132	65,222	317,472
4.02.15	Cash flow hedge - Platts, reclassified to income upon realization, net of taxes	5,617	(9,809)	(204,435)	18,300
4.02.16	(Loss)/gain cash flow hedge accounting – “Platts”, net taxes, from investments in subsidiaries	(96,862)	(376,664)	177,858	(17,755)
4.03	Consolidated comprehensive income for the year	(67,227)	1,323,406	358,119	12,351,201
4.03.01	Earnings attributable to the controlling interests	(153,088)	967,771	228,122	11,211,161
4.03.02	Earnings it attributable to the non-controlling interests	85,861	355,635	129,997	1,140,040

6.02.11	Acquisition of Topázio Energética, Santa Ana and Brasil Central	(466,153)	-
6.02.12	Cash received from acquisition of investments -Topázio and Santa Ana	6,486	-
6.02.13	Acquisition of CSN Cimentos Brasil	(4,770,354)	-
6.02.14	Cash received from acquisition of CSN Cimentos Brasil	496,445	-
6.02.15	Net cash received from sale of CSN Mineração's shares	-	3,164,612
6.02.16	Cash on Elizabeth´s consolidation	-	54,768
6.02.17	Escrow deposit for the acquisition of CSN Cimentos Brasil	-	(263,750)
6.02.18	Price paid in investiments of Elizabeth´s	-	(727,752)
6.03	Net cash used in financing activities	3,079,058	(9,356,140)
6.03.01	Borrowings and financing raised	13,371,615	8,307,523
6.03.02	Transaction cost - Borrowings and financings	(297,813)	(159,795)
6.03.04	Amortization of borrowings and financing	(8,211,226)	(15,334,408)
6.03.06	Amortization of leases	(106,934)	(81,696)
6.03.07	Dividends and interest on shareholder’s equity	(1,266,016)	(3,290,487)
6.03.10	Issuance of new CSN Mineração's shares	-	1,347,862
6.03.11	Share repurchase	(410,568)	(145,139)
6.04	Exchange rate on translating cash and cash equivalents	31,314	(7,569)
6.05	Increase (decrease) in cash and cash equivalents	(2,327,107)	5,310,519
6.05.01	Cash and equivalents at the beginning of the year	16,646,480	9,944,586
6.05.02	Cash and equivalents at the end of the year	14,319,373	15,255,105

Result 3Q22 (BRL million)	Steel	Mining	Logistics (Port)	Logistics (Railway)	Energy	Cement	Corporate Expenses/Elimination	Consolidated

Net Revenue	7,698	2,527	69	653	48	778	(875)	10,897
Domestic Market	5,655	437,50	69	653	48	778	(1,091)	6,549
Foreign Market	2,044	2,089					215	4,348
COGS	(6,426)	(1,800)	(54)	(397)	(53)	(501)	873	(8,359)
Gross profit	1,272	727	14	256	(5)	276	(3)	2,538
DGA/DVE	(334)	(63,49)	(7)	(37)	(10)	(100)	(248)	(798)
Depreciation	313	253	9	108	4	82	(78)	689
Proportional EBITDA of joint contr.	-		-	-	-	-	285	285
Adjusted EBITDA	1,251	916	16	327	(10)	257	(44)	2,714

Result 2Q22 (BRL million)	Steel	Mining	Logistics (Port)	Logistics (Railway)	Energy	Cement	Corporate Expenses/Elimination	Consolidated

Net Revenue	7,706	2,608	77	592	47	475	(940)	10,566
Domestic Market	5,248	411,20	77	592	47	475	(1,032)	5,819
Foreign Market	2,458	2,196	-	-	-	-	93	4,747
COGS	(5,789)	(1,832)	(53)	(386)	(49)	(301)	849	(7,560)
Gross profit	1,917	776	24	206	(2)	174	(90)	3,005
DGA/DVE	(313)	(87,03)	(8)	(34)	(8)	(69)	(132)	(651)
Depreciation	301	242	8	126	4	57	(95)	643
Proportional EBITDA of joint contr.	-		-	-	-	-	265	265
Adjusted EBITDA	1,905	931	24	298	(6)	163	(52)	3,263

Result 3Q21 (BRL million)	Steel	Mining	Logistics (Port)	Logistics (Railway)	Energy	Cement	Corporate Expenses/Elimination	Consolidated

Net Revenue	7,627	2,804	70	508	66	387	(1,216)	10,246
Domestic Market	5,508	970,76	70	508	66	387	(1,491)	6,020
Foreign Market	2,118	1,833	-	-	-	-	275	4,226
COGS	(4,736)	(1,883)	(53)	(325)	(38)	(229)	1,322	(5,942)
Gross profit	2,891	920	17	183	29	159	106	4,305
DGVA	(302)	(69,74)	(7)	(34)	(9)	(61)	(281)	(762)
Depreciation	265	193	9	111	4	45	(94)	533
Proportional EBITDA of joint contr.	-		-	-	-	-	220	220
Adjusted EBITDA	2,854	1,043	19	260	24	143	(49)	4,295

AXIS	ESG Goals
Natural Capital	Climate Change
	ü Reduction of 10% of CO2 emissions per ton of crude steel by 2035, WSA (World Steel Association) methodology compared to 2018.
	ü Reduction of 20% of CO2 emissions per ton of crude steel by 2035, WSA (World Steel Association) methodology compared to 2018.
	ü Reduction of 28% of CO2 per ton of cement emissions by 2030, reaching 375 kgCO2e/t cement, CSI (Cement Sustainability Initiative) methodology. Equivalent to the target set in the CSI roadmap for the sector in 2050, base year 2020.
	ü Reduction of 30% in CO2 emissions aper ton of ore produced by 2035 (scopes 1 and 2), base year 2019.
	ü Net Zero by 2044 in the emissions of scopes 1 and 2 of CSN Mineração.
	Atmospheric Emissions
	ü Reduction of 40% of particulate matter emissions per ton of crude steel produced at UPV by 2030, base year 2019.
	Efficiency in Water Use and Effluent Management
	ü Reduce new water consumption for iron ore production by at least 10% per ton of ore produced by 2030 compared to the base year 2018.
Intellectual Capital	Innovation
	ü Between 2020 and 2022, develop two new products/services on the ESG theme.
	ü By 2022, we will conduct six weeks of training in innovation, ESG and Venture Capital in the CSN Group units in relation to 2020.
	Governance, Ethics and Compliance
	ü Continuously increase our Compliance Index with the best governance practices provided for in CVM Resolution No. 80/2022 (considered "Practice" and "Partial practice").
Human and Social Capital	Social Responsibility
	ü By 2022, increase by 39% the care of children and adolescents by the Project Garoto Cidadão, by the CSN Foundation, in relation to 2020.
	Health and safety at work
	ü Continuously achieve the zero-fatality rate throughout the CSN Group (own and third parties).
	ü Reduce by 30% the frequency rate of accidents (CAF+SAF – own and third parties) by 2030 in the CSN Group compared to 2020 (factor of 1 million HHT).
	ü Reduce by 30% the number of days of sick leave by accident with own employees by 2030 compared to 2021.
	Dam Management and Mischaracterization
	ü Perform the complete mischaracterization of the dams built upstream of CSN Mineração by 2030.
	Diversity and Inclusion
	ü Achieve 28% female representation in the CSN Group by 2025 compared to 2020.

	Indicators	Unit	Base Year Indicator	Accrued 2022	Status	Goal	Target
Environmental	Steel Emission Intensity (WSA)¹	tCO₂and/t raw steel	2.10 (Base year 2018)	2.00		1.68	2035
	Intensity of Emission Cements (CSI)²	kgCO₂and/t cement	519 (Base year2020)	480		374	2030
	Mining Emission Intensity (GHG)^{3 and 4}	kgCO₂and ore /t	5.77 (Base year 2019)	7.55		4.04	2035
Social	Frequency Rate⁵	CAF+SAF	2.46 (Base year 2020)	2.02		1.72	2030
Governance	Diversity (women in the functional framework)	%	14% (Base year2020)	18.4%		28%	2025

Air quality CSN¹	Unit	9M21	9M22	Δ%
NOX Emission	t	4,439	3,829	-14%
SOX issue	t	2,278	2,103	-8%
MP issue	t	2,566	2,734	7%

Parent Company Financial Statements / Statements of Cash Flows – Indirect Method
(BRL thousand)
Code	Description	Year to date 01/01/2022 to 09/30/2022	YTD previous year 01/01/2021 to 09/30/2021
6.01	Net cash from operating activities	4,348,079	6,761,807
6.01.01	Cash from operations	2,218,355	5,540,978
6.01.01.01	Net income for the period	1,537,106	11,355,323
6.01.01.02	Financial charges in borrowing and financing raised	895,963	524,453
6.01.01.03	Financial charges in borrowing and financing granted	(133,367)	(42,093)
6.01.01.04	Charges on lease liabilities	1,232	1,627
6.01.01.05	Depreciation, amortization and depletion	790,140	637,837
6.01.01.06	Equity in results of affiliated companies	(2,117,103)	(4,094,082)
6.01.01.07	Deferred taxes assets	512,722	469,233
6.01.01.08	Provision for tax, social security, labor, civil and environmental risks	(18,593)	(61,032)
6.01.01.09	Monetary and exchange variations, net	73,306	14,028
6.01.01.11	Updated shares – Fair value through profit or loss	1,122,058	(185,944)
6.01.01.12	Write-off of property, plant and equipment and Intangible assets	1,065	-
6.01.01.13	Provision for environmental liabilities and decommissioning of assets	8,128	31,281
6.01.01.14	Accrued/(reversal) for consumption and services	16,120	12,417
6.01.01.16	Receivables by indemnity	(422,254)	-
6.01.01.17	Net gains on the sale of the shares of CSN Mineração	-	(2,472,497)
6.01.01.18	Net gains on the sale of the shares of Usiminas	-	(505,844)
6.01.01.19	Dividends USIMINAS	(105,732)	(176,512)
6.01.01.20	Others	57,564	32,783
6.01.02	Changes in assets and liabilities	2,129,724	1,220,829
6.01.02.01	Trade receivables - third parties	(309,915)	(962,073)
6.01.02.02	Trade receivables - related party	491,084	(939,599)
6.01.02.03	Inventory	340,518	(3,020,516)
6.01.02.04	Receivables related parties/dividends	2,423,868	2,868,493
6.01.02.05	Recoverable taxes	339,033	549,554
6.01.02.06	Judicial deposits	(16,657)	(16,390)
6.01.02.09	Trade payables	(730,571)	102,195
6.01.02.10	Trade payables – Forfaiting and Drawee risk	888,035	2,835,533
6.01.02.11	Payroll and related taxes	57,080	61,800
6.01.02.12	Tax payables	(477,746)	366,116
6.01.02.13	Payables to related parties	66,498	22,957
6.01.02.15	Interest paid	(719,792)	(599,523)
6.01.02.17	Interest received	2,277	-
6.01.02.18	Others	(223,988)	(47,718)
6.02	Capital reduction in investee	(3,878,010)	2,629,974
6.02.01	Investments / AFAC / Acquisitions of Shares	(2,747,830)	(1,048,117)

Parent Company Financial Statements / Statement of Changes in Equity - 01/01/2021 to 09/30/2021
(BRL thousand)

Code	Description	Paid-up capital	Capital reserve, granted options and treasury shares	Earnings reserve	Retained earnings (accumulated losses)	Other comprehensive income	Shareholders’ equity
5.01	Opening balances	6,040,000	32,720	5,824,350	-	(1,983,619)	9,913,451
5.03	Adjusted opening balances	6,040,000	32,720	5,824,350	-	(1,983,619)	9,913,451
5.04	Capital transaction with shareholders	-	-	-	(1,750,000)	820,203	(929,797)
5.04.06	Dividends	-	-	-	(1,750,000)	-	(1,750,000)
5.04.08	Net gain of transaction primary and secondary distribution shares of CSN Mineração	-	-	-	-	829,486	829,486
5.04.09	(Loss) / gain on the percentage change in investments	-	-	-	-	(9,283)	(9,283)
5.05	Total comprehensive income	-	-	-	11,355,323	(144,162)	11,211,161
5.05.01	Net income for the period	-	-	-	11,355,323	-	11,355,323
5.05.02	Other comprehensive income	-	-	-	-	(144,162)	(144,162)
5.05.02.04	Cumulative translation adjustments for the year	-	-	-	-	(18,060)	(18,060)
5.05.02.06	Actuarial gains/(losses) on pension plan, net of taxes	-	-	-	-	77	77
5.05.02.07	(Loss) / gain on cash flow hedge accounting, net of taxes	-	-	-	-	15,300	15,300
5.05.02.08	Treasury shares acquired by reflex subsidiary	-	-	-	-	(141,479)	(141,479)
5.07	Closing balance	6,040,000	32,720	5,824,350	9,605,323	(1,307,578)	20,194,815

Parent Company Financial Statements / Statement of Value Added
(BRL thousand)
Code	Description	Year to date 01/01/2022 to 09/30/2022	YTD previous year 01/01/2021 to 09/30/2021
7.01	Revenues	23,123,457	26,239,778
7.01.01	Sales of products and rendering of services	22,921,627	22,911,052
7.01.02	Other revenues	192,161	3,329,657
7.01.04	Allowance for (reversal of) doubtful debts	9,669	(931)
7.02	Raw materials acquired from third parties	(18,848,172)	(16,092,623)
7.02.01	Cost of sales and services	(16,960,170)	(14,498,351)
7.02.02	Materials, electric power, outsourcing and other	(1,759,286)	(1,532,883)
7.02.03	Impairment/recovery of assets	(128,716)	(61,389)
7.03	Gross value added	4,275,285	10,147,155
7.04	Retentions	(789,682)	(637,302)
7.04.01	Depreciation, amortization and depletion	(789,682)	(637,302)
7.05	Value added created	3,485,603	9,509,853
7.06	Value added received	3,896,487	5,407,326
7.06.01	Equity in results of affiliates companies	2,117,103	4,094,082
7.06.02	Financial income	488,867	1,014,750
7.06.03	Others	1,290,517	298,494
7.07	Value added for distribution	7,382,090	14,917,179
7.08	Value added distributed	7,382,090	14,917,179
7.08.01	Personnel	938,908	947,787
7.08.01.01	Salaries and wages	724,544	710,181
7.08.01.02	Benefits	170,316	194,753
7.08.01.03	Severance payment (FGTS)	44,048	42,853
7.08.02	Taxes, fees and contributions	1,760,994	1,599,425
7.08.02.01	Federal	1,461,047	1,198,074
7.08.02.02	State	299,947	401,351
7.08.03	Remuneration on third-party capital	3,145,069	1,014,644
7.08.03.01	Interest	925,321	543,460
7.08.03.02	Rental	906	3,764
7.08.03.03	Others	2,218,842	467,420
7.08.03.03.01	Other and passive exchange variations	2,218,842	467,420
7.08.04	Remuneration on Shareholders' capital	1,537,119	11,355,323
7.08.04.02	Dividends	-	1,750,000
7.08.04.03	Retained earnings (accumulated losses)	1,537,119	9,605,323

Water Management²	Unit	9M21	9M22	Δ%
Water catchment	LM	61,856	56,161	-9.2%
Water disposal	Ml	52,176	46,494	-21%
Water consumption	Ml	9,680	9,667	-0.1%

Water Management	Unit	2021	9M22	Δ%
Intensity by steel production	m³/t raw steel	18.94	15.47	-18%
Intensity per cement production	m³/t cement	0.07	0.08	12%
Intensity by ore production	m³/t ore	0.21	0.23	12%

Waste Management³	Unit	9M21	9M22	Δ%
Waste Class 1	t	21,440	15,652	-27%
Waste Class 2	t	2,372,452	2,382,530	-0.4%
Percentage reuse and co-processing	%	95%	93%	-2%

Health and safety at work¹	9M21	9M22	Δ%
Number of accidents with and without leave (own)	84	71	-15%
Number of accidents with and without leave (third parties)	45	48	7%
Fatality (own)	0	1	-
Fatality (third parties)	1	1	-
Frequency rate of mandatory reporting accidents (factor of 200,000 HHT)	0.47	0.40	-13%
Frequency rate of mandatory communication work accidents (factor 1 MM HHT)	2.33	2.02	-13%
Accident severity rate (factor of 200,000 HHT)	37	67	82%
Accident severity rate (1MM HHT factor)	184	336	82%

Employment¹	Unit	9M21	9M22	Δ%
Women on staff	%	16.8	18.4	9%
Women in leadership positions	%	10.9	11.8	8%
People with disabilities	%	1.2	1.3	16%
Racial Diversity
• Yellow	%	1.4	1.4	-
• White	%	42.9	41.7	-3%
• Indigenous	%	0.3	0.3	-
• Black	%	14.7	14.8	1%
• Brown	%	37.5	39.1	4%
• Not informed	%	3.1	2.6	-16%
Turnover	%	11.6	14.7	27%

Sustainable Value Chain³	Unit	9M21	9M22	Δ%
Purchases from local suppliers	%	31.6	29	-8%
Local suppliers (Service)	%	51.6	50.1	-3%
Local suppliers (Materials)	%	27.1	23.3	-14%

	1Q22	2Q22	3Q22
Impacted young people¹	3,483	3,981	3,978
Public cultural initiatives	3,387	69,673	58,406

3Q22
Number of shares in thousands	1,326,094
Market Value
Closing Quote (BRL/share)	12.72
Closing Quote (US$/ADR)	2.38
Market Value (BRL million)	16,868
Market Value (US$ million)	3,155
Change in period
CSNA3 (BRL)	-17.6%
SID (USD)	-18.8%
Ibovespa (BRL)	11.7%
Dow Jones (USD)	-6.7%
Volume
Daily average (thousand shares)	11,993
Daily average (BRL thousand)	171,432
Daily average (thousand ADRs)	5,182
Daily average (US$ thousand)	14,262
Source: Bloomberg

Item	Comment	BRL thousand	Reference
Equity interests issued	The Prada issued new shares that were delivered to Metalgrafica's shareholders	263	(a)
Equity interests issued	The Metalgrafica issued new shares which were acquired by Prada	133,100	(b)
Purchase price considered for the business combination		133,363

Equity value - Metalgráfica	date base 03/31/2022
Discounted Cash Flow	59,353
Discounted residual value	33,973
Enterprise value	93,326
Indebtdness net	(109,133)
Non-operating assets/liabilities	16,070
Equity value	263

Item	BRL million	Reference
Purchase price considered	133,363	(i)
Fair value of the assets and liabilities acquired	36,891	(iii)
Goodwill based on expectations for future profitability (note 12)	96,472

(BRL'000)	Accounting Balances	Fair value adjustment	Total fair value
Current Assets	23,924		23,924
Cash and cash equivalents	569		569
Trade receivables	7,249		7,249
Inventories	4,435		4,435
Other assets	713		713
Recoverable taxes and contributions	10,958		10,958

Non-current Assets	58,408	120,227	178,635
Recoverable taxes and contributions	38,649		38,649
Other assets	1,856		1,856
Investments	10		10
Property, plant and equipment	17,750	120,227	137,977
Intangibles	143		143
Total assets acquired	82,332	120,227	202,559

Current Liabilities	134,464		134,464
Borrowings and financing	89,852		89,852
Trade payables	17,114		17,114
Labor obligations	17,339		17,339
Taxes payable	181		181
Advances from customers	1,158		1,158
Installments	2,227		2,227
Other accounts	6,593		6,593

Non-current Liabilities	31,204		31,204
Borrowings and financing	21,844		21,844
Installments	6,462		6,462
Other accounts	2,898		2,898
Total liabilities assumed	165,668		165,668
Net equity acquired	(83,336)	120,227	36,891

Assets acquired	Valuation method	Carrying amounts	Fair value adjustment	Total fair value
Property, plant and equipment	The values of fixed assets were adjusted by the difference between the revalued value of fixed assets and their respective net book value, according to a technical evaluation carried out by an independent appraiser for the groups of assets represented by buildings, vehicles, furniture and fixtures. The useful lives follow the terms disclosed in note 11	17,750	120,227	137,977
		17,750	120,227	137,977

		Consolidated		Parent Company
	09/30/2022	12/31/2021	09/30/2022	12/31/2021
Cash and banks
In Brazil	65,773	68,638	37,262	58,951
Abroad	7,864,532	10,007,399	377,507	1,438,851
	7,930,305	10,076,037	414,769	1,497,802

Investments
In Brazil	6,324,948	6,493,832	2,349,575	2,387,463
Abroad	64,120	76,611
	6,389,068	6,570,443	2,349,575	2,387,463
	14,319,373	16,646,480	2,764,344	3,885,265

				Consolidated	Parent Company
	Current		Non-current		Current		Non-current
	09/30/2022	12/31/2021	09/30/2022	12/31/2021	09/30/2022	12/31/2021	09/30/2022	12/31/2021
Investments ⁽¹⁾	188,638	261,673	16,181	15,148	50,387	43,398
Usiminas shares ⁽²⁾	1,288,977	2,383,059			1,288,977	2,383,059
Bonds ⁽³⁾			136,167	132,523			136,167	132,523
	1,477,615	2,644,732	152,348	147,671	1,339,364	2,426,457	136,167	132,523

	Number of shares held by CSN in units	Equity interests (%)
Companies	Number of shares held by CSN in units	09/30/2022	12/31/2021	Core business

Direct interest in subsidiaries: full consolidation
CSN Islands VII Corp.	20,001,000	100.00	100.00	Financial transactions
CSN Inova Ventures	50,000	100.00	100.00	Equity interests and Financial transactions
CSN Islands XII Corp.	1,540	100.00	100.00	Financial transactions
CSN Steel S.L.U.	22,042,688	100.00	100.00	Equity interests and Financial transactions
TdBB S.A (*)	-	100.00	100.00	Equity interests
Sepetiba Tecon S.A.	254,015,052	99.99	99.99	Port services
Minérios Nacional S.A.	141,719,295	99.99	99.99	Mining and Equity interests
Companhia Florestal do Brasil ⁽¹⁾	87,159,346	99.99	99.99	Reforestation
Estanho de Rondônia S.A.	195,454,162	99.99	99.99	Tin Mining
Companhia Metalúrgica Prada ⁽²⁾	555,713,606	99.90	99.99	Manufacture of containers and distribution of steel products
CSN Mineração S.A.	4,374,779,493	79.75	78.24	Mining
CSN Energia S.A.	43,149	99.99	99.99	Sale of electric power
FTL - Ferrovia Transnordestina Logística S.A. ⁽³⁾	550,871,212	92.71	92.71	Railroad logistics
Nordeste Logística S.A.	99,999	99.99	99.99	Port services
CSN Inova Ltd.	10,000	100.00	100.00	Advisory and implementation of new development projec
CBSI - Companhia Brasileira de Serviços de Infraestrutura	4,669,986	99.99	99.99	Equity interests and product sales and iron ore
CSN Cimentos S.A.	601,839,891	99.99	99.99	Manufacturing and sale of cement
Berkeley Participações e Empreendimentos S.A.	1,000	100.00	100.00	Electric power generation and equity interests
CSN Inova Soluções S.A.	999	99.99	99.99	Equity interests
CSN Participações I	999	99.99	99.99	Equity interests
Circula Mais Serviços de Intermediação Comercial S.A.⁽⁴⁾	1	0.01	99.99	Commercial intermediation for the purchase and sale of assets and materials in general
CSN Participações III	999	99.99	99.99	Equity interests
CSN Participações IV	999	99.99	99.99	Equity interests
CSN Participações V	999	99.99	99.99	Equity interests

Indirect interest in subsidiaries: full consolidation
Lusosider Projectos Siderúrgicos S.A.		100.00	100.00	Equity interests and product sales
Lusosider Aços Planos, S. A.		99.99	99.99	Steel and Equity interests
CSN Resources S.A.		100.00	100.00	Financial transactions and Equity interests
Companhia Brasileira de Latas		99.99	99.99	Sale of cans and containers in general and Equity interests
Companhia de Embalagens Metálicas MMSA		99.99	99.99	Production and sale of cans and related activities
Companhia de Embalagens Metálicas - MTM		99.99	99.99	Production and sale of cans and related activities
CSN Steel Holdings 1, S.L.U. (5)			100.00	Financial transactions, product sales and Equity interests
CSN Productos Siderúrgicos S.L.		100.00	100.00	Financial transactions, product sales and Equity interests
Stalhwerk Thüringen GmbH		100.00	100.00	Production and sale of long steel and related activities
CSN Steel Sections Polska Sp.Z.o.o		100.00	100.00	Financial transactions, product sales and Equity interests
CSN Mining Holding, S.L.U.		79.75	78.24	Financial transactions, product sales and Equity interests
CSN Mining GmbH		79.75	78.24	Financial transactions, product sales and Equity interests
CSN Mining Asia Limited		79.75	78.24	Commercial representation
Lusosider Ibérica S.A.		100.00	100.00	Steel, commercial and industrial activities and equity interests
CSN Mining Portugal, Unipessoal Lda.		79.75	78.24	Commercial and representation of products
Companhia Siderúrgica Nacional, LLC		100.00	100.00	Import and distribution/resale of products
Elizabeth Cimentos S.A.		99.98	99.98	Manufacturing and sale of cement
Elizabeth Mineração Ltda ⁽²⁾			99.96	Mining
Santa Ana Energética S.A.⁽³⁾		100.00		Electric power generation
Topázio Energética S.A. ⁽³⁾		100.00		Electric power generation
Brasil Central Energia Ltda. ⁽³⁾		100.00		Electric power generation
Circula Mais Serviços de Intermediação Comercial S.A.⁽⁴⁾		99.99		Commercial intermediation for the purchase and sale of assets and materials in general
CSN Cimentos Brasil S.A. ⁽⁸⁾		99.99		Manufacturing and sale of cement
Metalgráfica Iguaçu S.A ⁽²⁾		100.00		Metal packaging manufacturing
Direct interest in joint operations: proportionate consolidation
Itá Energética S.A.	253,606,846	48.75	48.75	Electric power generation
Consórcio da Usina Hidrelétrica de Igarapava		17.92	17.92	Electric power consortium

Direct interest in joint ventures: equity method
MRS Logística S.A. ⁽⁴⁾	63,377,198	18.64	18.64	Railroad transportation
Aceros Del Orinoco S.A. (*)		31.82	31.82	Dormant company
Transnordestina Logística S.A. ⁽⁵⁾	24,670,093	47.26	47.26	Railroad logistics
Equimac S.A (11)	2,123	50.00	50.00	Rental of commercial and industrial machinery and equipment

Indirect interest in joint ventures: equity method
MRS Logística S.A. ⁽⁴⁾		14.58	14.58	Railroad transportation

Direct interest in associates: equity method
Arvedi Metalfer do Brasil S.A.	57,224,882	20.00	20.00	Metallurgy and Equity interests

Exclusive funds: full consolidation
Diplic II - Private credit balanced mutual fund		100.00	100.00	Investment fund
Caixa Vértice - Private credit balanced mutual fund		100.00	100.00	Investment fund
VR1 - Private credit balanced mutual fund		100.00	100.00	Investment fund

				09/30/2022			12/31/2021	09/30/2021
Companies	Participation in				Participation in
	Assets	Liabilities	Shareholders’ equity	Profit /(Loss) for the period	Assets	Liabilities	Shareholders’ equity	Profit /(Loss) for the period



Investments under the equity method
Subsidiaries
CSN Islands VII Corp.	518,179	3,253,548	(2,735,369)	21,105	533,108	3,289,583	(2,756,475)	(170,048)
CSN Inova Ventures	7,494,899	9,189,805	(1,694,906)	(370,320)	9,121,133	10,445,718	(1,324,585)	(445,293)
CSN Islands XII Corp.	769,122	4,181,286	(3,412,164)	(93,352)	2,569,183	5,887,995	(3,318,812)	(458,735)
CSN Steel S.L.U.	4,997,419	24,015	4,973,404	537,771	5,517,653	367,372	5,150,281	310,691
Sepetiba Tecon S.A.	821,844	523,814	298,030	(14,965)	812,701	499,706	312,995	6,625
Minérios NacionalS.A.	529,431	224,151	305,280	9,196	501,969	205,885	296,084	225,978
Valor Justo - Minérios Nacional			2,123,507				2,123,507
Estanho de Rondônia S.A.	159,564	225,155	(65,591)	(14,072)	125,066	176,554	(51,488)	(12,609)
Companhia Metalúrgica Prada	1,049,688	825,186	224,502	(41,573)	893,439	627,628	265,811	108,229
CSN Mineração S.A.	26,503,672	16,001,549	10,502,123	1,643,216	26,989,379	16,036,647	10,952,732	4,481,971
CSN Energia S.A.	102,671	35,790	66,881	(24,882)	133,967	42,204	91,763	10,274
FTL - Ferrovia Transnordestina Logística S.A.	530,844	360,927	169,918	(27,554)	489,628	292,156	197,472	(18,059)
Companhia Florestal do Brasil	59,521	3,907	55,614	(4,377)	51,308	2,063	49,245	(2,516)
Nordeste Logística	60	62	(2)	(1)	64	65	(1)	(4)
CBSI - Companhia Brasileira de Serviços de Infraestrutura	170,413	146,144	24,269	(859)	135,544	110,416	25,128	10,080
Goodwill - CBSI - Companhia Brasileira de Serviços de Infraestrutura			15,225				15,225
CSN Cimentos	10,463,631	3,914,653	6,548,978	190,285	4,676,213	617,457	4,058,756	150,805
CSN Participações I S.A.	1		1
Circula Mais Serv. de Interm. Comercial S/A	66	9	57	56
CSN Participações III S.A.	1		1
CSN Participações IV S.A.	1		1
CSN Participações V S.A.	1		1
CSN INOVA Soluções S.A	70	112	(42)	(42)
	54,171,098	38,910,113	17,399,718	1,809,632	52,550,355	38,601,449	16,087,638	4,197,389
Joint-venture and Joint-operation
Itá Energética S.A.	213,832	23,742	190,090	3,539	214,524	27,578	186,946	19,570
MRS Logística S.A.	2,714,242	1,693,769	1,020,474	116,897	2,524,062	1,620,565	903,497	118,054
Transnordestina Logística S.A.	5,181,952	4,091,051	1,090,901	(23,333)	4,885,994	3,771,760	1,114,234	(38,980)
Fair Value (*) - Transnordestina			271,116				271,116
Equimac S.A	31,588	14,452	17,136	2,590	20,155	11,727	8,428	168
	8,141,614	5,823,014	2,589,717	99,693	7,644,735	5,431,630	2,484,221	98,812
Associates
Arvedi Metalfer do Brasil	45,961	21,415	24,546	3,466	46,739	25,198	21,541	2,966
	45,961	21,415	24,546	3,466	46,739	25,198	21,541	2,966
Classified at fair value through profit or loss (note 14)
Panatlântica			162,343				190,321
			162,343				190,321
Other investments
Profits on subsidiaries' inventories			(96,443)	203,852			(300,295)	(213,197)
Investment Property			140,743				142,578
Others			63,536	460			63,545	8,112
			107,836	204,312			(94,172)	(205,085)
Total investments			20,284,160	2,117,103			18,689,549	4,094,082

Classification of investments in the balance sheet
Investments in assets			28,051,447				25,998,331
Investments with negative equity			(7,908,030)				(7,451,360)
			20,143,417				18,546,971
Investment Property			140,743				142,578
			20,284,160				18,689,549

Gain on participation in the capital increase	1,060,530
Loss due to dilution of participation with issue of new shares	(231,044)
Equity adjustment by dilution of share percentage	(7,393)
Net gain from the transaction	822,093

Equity in the transaction		9,947,525
Number of share before initial public offering		5,430,057,060
Cost per share		R$ 1.83

Number of shares sold by CSN		377,804,907
Price per share		R$ 8.50

(+) Net cash generated in the transaction		3,211,342
(-) Transaction cost		(46,730)
(=) net cash reveivable (a)		3,164,612
(-) Cost of shares(b)		(692,115)
(=) Net gain from the transaction (a)+(b)		2,472,497


	12/31/2020	01/31/2021
Assets	Appraisal reports	Close balance
Trade receivables	37,171	54,684
Inventories	134,309	164,460
Other assets	29,186	30,228
Property, plant and equipment	3,151,349	3,129,161
Intangíible assets	8,086	8,086
Liabilities
Trade payables	(253,186)	(278,538)
Other payables current	(42,074)	(34,301)
Lease liabilities	(42,257)	(24,430)
Other provisions	(66,490)	(64,125)
Net assets	2,956,094	2,985,225