National Steel Co 6-K, filed Aug 15, 2025

National Steel Co (SID)

6-K 2025-08-15 For: 2025-06-30

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Added on April 11, 2026

About this 6-K

National Steel Co filed this 6-K on August 15, 2025.

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Companhia Siderúrgica Nacional S.A.
BALANCE SHEET
(In thousands of Reais)


		Consolidated		Parent Company				Consolidated		Parent Company
	Notes	06/30/2025	12/31/2024	06/30/2025	12/31/2024		Notes	06/30/2025	12/31/2024	06/30/2025	12/31/2024
ASSET						LIABILITIES AND SHAREHOLDERS' EQUITY
Current						Current
Cash and cash equivalents	3	18,305,208	23,310,197	2,088,073	5,666,618	Borrowings and financing	12	7,819,043	8,821,679	4,013,991	5,201,174
Financial investments	4	851,397	911,378	834,560	895,573	Payroll and related taxes		644,740	560,695	210,962	184,696
Trade receivables	5	2,437,043	2,900,998	1,630,275	1,555,141	Trade payables	15	7,066,323	7,030,734	3,792,941	3,596,080
Inventory	6	10,355,385	10,439,741	6,671,060	6,839,246	Tax payables		880,497	719,253	170,180	195,063
Recoverable taxes	7	1,954,302	1,367,316	738,137	668,137	Labor and civil provisions	18	115,105	132,112	70,698	61,008
Other current assets	8	796,486	856,063	1,124,145	1,012,495	Dividends and interest on equity payable	16	1,437,467	61,965	6,095	6,242
Total current assets		34,699,821	39,785,693	13,086,250	16,637,210	Advances from customers	16	3,899,218	3,648,639	350,208	382,350
						Trade payables – Forfaiting and Drawee risk	15.a	2,747,027	2,902,593	2,215,234	2,214,482
Non-Current						Other payables	16	1,128,846	1,238,805	888,202	1,174,978
Long-term realizable asset						Total current liabilities		25,738,266	25,116,475	11,718,511	13,016,073
Financial investments	4	29,758	169,977		142,423
Deferred taxes assets	17	6,731,080	7,345,326	4,399,095	4,750,333	Non-Current
Inventory	6	1,954,823	1,761,172			Borrowings and financing	12	43,747,995	48,092,942	23,135,590	25,044,466
Recoverable taxes	7	3,066,272	2,799,951	2,168,950	1,838,343	Deferred taxes assets	17.b	604,421	541,329
Other non-current assets	8	5,331,042	5,232,370	6,128,369	5,360,281	Provision for tax, social security, labor, civil and environmental risks	18	743,797	1,245,590	253,232	276,689
		17,112,975	17,308,796	12,696,414	12,091,380	Employee benefits	0	502,039	473,046	481,609	454,161
						Provisions for environmental liabilities and decommissioning	19	1,188,320	1,133,363	138,041	142,989
Investments	9	6,191,787	5,948,051	26,501,360	26,292,822	Provision for investment losses	9			10,699,022	11,458,813
Property, plant and equipment	10	32,031,883	30,426,023	10,089,593	9,664,413	Other payables	16	11,692,665	11,844,793	2,111,894	2,089,266
Intangible assets	11	11,034,277	10,438,091	68,322	68,070	Total non-current liabilities		58,479,237	63,331,063	36,819,388	39,466,384
Total non-current assets		66,370,922	64,120,961	49,355,689	48,116,685
						Shareholders’ equity
						Paid-up capital	21	10,240,000	10,240,000	10,240,000	10,240,000
						Capital reserves		2,056,970	2,056,970	2,056,970	2,056,970
						Earnings reserves		(144,686)	640,460	(144,686)	640,460
						Legal reserve		1,158,925	1,158,925	1,158,925	1,158,925
						Other comprehensive income		592,831	(1,824,917)	592,831	(1,824,917)
						Total shareholders' equity of controlling shareholders		13,904,040	12,271,438	13,904,040	12,271,438
						Earnings attributable to the non-controlling interests		2,949,200	3,187,678
						Total shareholders' equity		16,853,240	15,459,116	13,904,040	12,271,438
TOTAL ASSETS		101,070,743	103,906,654	62,441,939	64,753,895	TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		101,070,743	103,906,654	62,441,939	64,753,895
The accompanying notes are an integral part of these consolidated financial statements

Companhia Siderúrgica Nacional S.A.
Statements of Income
(In thousands of Reais)

			Consolidado		Controladora		Consolidado		Controladora
		Six-month period ended		Six-month period ended		Three-month period ended		Three-month period ended
	Notes	6/30/2025	6/30/2024	6/30/2025	6/30/2024	6/30/2025	6/30/2024	6/30/2025	6/30/2024

Net Revenue	23	21,600,915	20,594,732	8,666,001	8,871,519	10,693,286	10,881,740	4,175,677	4,663,735
Costs of goods sold and services rendered	24	(16,342,573)	(15,414,669)	(8,048,779)	(8,555,029)	(7,967,187)	(7,892,701)	(3,844,781)	(4,454,735)
Gross profit		5,258,342	5,180,063	617,222	316,490	2,726,099	2,989,039	330,896	209,000

Operating (expenses)/income		(2,727,949)	(2,983,619)	(280,700)	(1,023,331)	(1,083,343)	(1,375,530)	193,621	(474,152)
Selling expenses	0	(2,293,241)	(2,561,916)	(414,881)	(413,670)	(1,233,009)	(1,363,352)	(209,599)	(210,782)
General and administrative expenses	0	(480,923)	(430,917)	(195,904)	(191,176)	(263,525)	(224,064)	(107,690)	(103,146)
Equity in results of affiliated companies	9	245,227	191,599	741,975	(76,814)	166,793	98,279	652,598	33,081
Other operating (expenses)/income, net	25	(199,012)	(182,385)	(411,890)	(341,671)	246,398	113,607	(141,688)	(193,305)
Other operating income		143,809	604,280	142,310	108,506	76,794	546,371	87,460	42,031
Other operating expenses		(342,821)	(786,665)	(554,200)	(450,177)	169,604	(432,764)	(229,148)	(235,336)

Income before financial income (expenses)		2,530,393	2,196,444	336,522	(706,841)	1,642,756	1,613,509	524,517	(265,152)
Financial income (expenses), net	26	(3,750,586)	(2,619,918)	(1,831,827)	(958,802)	(1,900,239)	(1,495,391)	(1,047,288)	(565,066)
Financial income		825,975	718,966	430,447	334,987	270,918	342,437	182,095	139,316
Financial expenses		(3,473,681)	(3,164,902)	(1,613,441)	(1,563,416)	(1,773,273)	(1,804,104)	(961,547)	(988,447)
Other financial items, net		(1,102,880)	(173,982)	(648,833)	269,627	(397,884)	(33,724)	(267,836)	284,065

Income before income taxes	17	(1,220,193)	(423,474)	(1,495,305)	(1,665,643)	(257,483)	118,118	(522,771)	(830,218)
Income tax and social contribution		358,244	(278,800)	710,159	547,163	127,114	(340,730)	356,771	301,439

Net income/(loss)		(861,949)	(702,274)	(785,146)	(1,118,480)	(130,369)	(222,612)	(166,000)	(528,779)

Attributable to:
Earnings attributable to the controlling interests		(785,146)	(1,118,480)	(785,146)	(1,118,480)	(166,000)	(528,779)	(166,000)	(528,779)
Earnings attributable to the non-controlling interests		(76,803)	416,206			35,631	306,167

Loss basic and diluted per share (in R$)	21.e			(0.59207)	(0.84344)			(0.12518)	(0.39875)
The accompanying notes are an integral part of these consolidated financial statements

Companhia Siderúrgica Nacional S.A.
Statements of Changes in Equity
(In thousands of Reais)
	Capital social integralizado	Ações em tesouraria	Transações de capital	Reservas			Lucros / (Prejuízos) acumulados	Outros resultados abrangentes	Total do Patrimônio Líquido da Controladora	Participação acionistas não controladores	Total do Patrimônio Líquido Consolidado
				Capital	Legal	Estatutária
	Paid-up capital	Treasury shares	Capital transactions	Reserves			Retained earnings	Other comprehensive income	Total Shareholders' Equity Parent Company	Non-controlling interest	Total Consolidated Shareholders' Equity
	Paid-up capital	Treasury shares	Capital transactions	Capital	Legal	Statutory	Retained earnings	Other comprehensive income	Total Shareholders' Equity Parent Company	Non-controlling interest	Total Consolidated Shareholders' Equity
Balances on December 31, 2024	10,240,000	(223,830)	2,248,080	32,720	1,158,925	640,460		(1,824,917)	12,271,438	3,187,678	15,459,116

Adjusted opening balances	10,240,000	(223,830)	2,248,080	32,720	1,158,925	640,460		(1,824,917)	12,271,438	3,187,678	15,459,116

Total comprehensive income							(785,146)	2,417,748	1,632,602	(321,751)	1,310,851

Net loss							(785,146)		(785,146)	(76,803)	(861,949)

Other comprehensive income								2,417,748	2,417,748	(244,948)	2,172,800
Actuarial gains/(losses) over pension plan of subsidiaries, net of taxes								74	74	(1)	73
Cumulative translation adjustments for the year								(3,083)	(3,083)		(3,083)
(Loss)/gain cash flow hedge accounting, net of taxes								1,918,399	1,918,399		1,918,399
Cash flow hedge reclassified to income upon realization, net of taxes								141,920	141,920		141,920
(Loss)/gain cash flow hedge accounting – “Platts” from investments in subsidiaries, net of taxes								351,656	351,656	157,911	509,567
Gain on the percentage change in investments								8,782	8,782		8,782
Allocation of profit/(loss) for the year										(402,858)	(402,858)
Dividends approved at SBM 05/08/2025										(337,781)	(337,781)
Interest on shareholders' equity approved at SBM 05/08/2025										(65,077)	(65,077)
Capital transactions										83,273	83,273
Constitution of subsidiaries in foreign operations										1,170	1,170
Result of acquisition of ownership interest in Grupo Estrela										82,103	82,103
Balances as at June 30 2025	10,240,000	(223,830)	2,248,080	32,720	1,158,925	640,460	(785,146)	592,831	13,904,040	2,949,200	16,853,240

Companhia Siderúrgica Nacional S.A.
Statements of Cash Flows
(In thousands of Reais)

			Consolidated		Parent Company
	Notes	06/30/2025	06/30/2024	06/30/2025	06/30/2024

Net cash from operating activities		(1,399,172)	1,637,196	(545,454)	(706,091)
Cash flow from operating activities		1,504,113	3,309,993	470,529	(225,600)
Earnings attributable to the controlling interests		(785,146)	(1,118,480)	(785,146)	(1,118,480)
Earnings attributable to the non-controlling interests		(76,803)	416,206
Adjustments to reconcile the result:
Financial charges in borrowing and financing raised	26	2,024,049	1,951,417	953,008	881,371
Financial charges in borrowing and financing granted		(202,236)	(77,804)	(170,350)	(107,134)
Charges on lease liabilities	14	56,175	48,640	1,743	293
Equity in results of affiliated companies	9	(245,227)	(191,599)	(741,975)	79,259
Deferred taxes assets	17.b	(649,190)	(618,916)	(710,159)	(547,163)
Provision for tax, social security, labor, civil and environmental risks		(518,536)	(31,184)	(13,767)	3,631
Exchange, Monetary and Cash Flow Hedge		(406,143)	873,519	1,025,614	(232,984)
Write-off of property, plant and equipment right of use and Intangible assets	9, 10, 11 e 14	20,429	9,601	(12,498)	(1,474)
Provision for environmental liabilities and decommissioning of assets		54,948	50,557	(4,948)	(5,377)
Updated shares – Fair value through profit or loss	26	191,986	243,494	191,986	243,494
Depreciation, amortization and depletion	24	2,045,784	1,834,550	719,953	647,772
Accrued/(reversal) for consumption and services		(53,264)	(75,100)	(618)	(37,132)
Dividends USIMINAS			(44,798)		(44,681)
Other provisions		47,287	39,890	17,686	13,005

Changes in assets and liabilities		(2,903,285)	(1,672,797)	(1,015,983)	(480,491)
Trade receivables - third parties		715,658	590,164	66,543	(84,715)
Trade receivables - related party		4,924	(10,817)	(220,174)	202,093
Inventory		(401,411)	(478,898)	(229,045)	(652,530)
Dividends and receivables - related parties		25,106	44,798	777,379	1,034,915
Recoverable taxes		(832,514)	(63,275)	(400,607)	(163,027)
Judicial deposits		57,360	(130,413)	(8,452)	11,379
Receipt of RFFSA receivables
Other assets		26,116	180,487	(37,986)	(93,643)
Trade payables		(246,422)	(1,327,689)	208,786	(265,022)
Trade payables – Forfaiting and Drawee risk		(151,175)	636,632	752	127,862
Payroll and related taxes		53,247	98,353	26,268	39,084
Tax payables		120,253	(30,405)	(23,016)	36,734
Payables to related parties		(6,651)	(25,817)	26,276	29,189
Advance of customers of mineral and energy contracts		(303,796)	861,201	(179,249)	146,930
Interest paid	12.a	(2,168,480)	(1,964,382)	(989,286)	(846,224)
Interest received				687	968
Receipts/(Payments) from hedging operations, cash flow and derivatives		(45,707)	55,761	(38,913)	1,553
Other liabilities		250,207	(108,500)	4,054	(6,036)

Net cash investment activities		(2,744,733)	(2,106,180)	(1,944,511)	(1,298,360)
Investments / AFAC / Acquisitions of Shares		(23,600)	(32,000)	(58,600)	(104,500)
Cash paid in acquiring investments Gramperfil		(35,948)
Purchase of property, plant and equipment, intangible assets and investment property	9, 10 e 11	(2,457,970)	(2,127,047)	(1,033,563)	(1,069,672)
Intercompany loans granted		(39,015)	(48,356)	(566,390)	(108,189)
Intercompany loans received		3,279	4,317	2,592	2,592
Financial Investments, net of redemption		8,214	96,906	11,450	(18,591)
Cash received in acquiring investments Gramperfil		13,261
Cash paid in acquiring investments Grupo Estrela		(300,000)		(300,000)
Cash received in acquiring investments Grupo Estrela		87,046

Net cash used in financing activities		(856,116)	61,114	(1,088,580)	1,388,734
Borrowings and financing raised	12.a	6,457,284	5,381,083	1,060,044	2,351,299
Transactions cost - Borrowings and financing		(84,528)	(63,821)	(8,816)	(42,133)
Borrowings and financing – related parties	12.a				2,487,558
Amortization of borrowings and financing	12.a	(8,077,655)	(3,877,726)	(1,784,013)	(1,707,434)
Amortization of borrowings and financing - related parties	12.a			(349,221)	(744,878)
Amortization of leases	14	(177,067)	(145,491)	(6,574)	(6,289)
Share repurchase		42,611
Dividends and interest on shareholder’s equity			(1,232,931)		(949,389)
Exchange Variation on Cash and Equivalents		983,239

Exchange Variation on Cash and Equivalents		(4,967)	(92,970)

Increase (decrease) in cash and cash equivalents		(5,004,988)	(500,841)	(3,578,545)	(615,715)
Cash and equivalents at the beginning of the year		23,310,197	16,046,218	5,666,618	2,270,070
Cash and equivalents at the end of the year		18,305,208	15,545,377	2,088,073	1,654,353
The accompanying notes are an integral part of these consolidated financial statements

Companhia Siderúrgica Nacional S.A.
Statements of Value Added
(In thousands of Reais)

		Consolidated		Parent Company
	06/30/2025	06/30/2024	06/30/2025	06/30/2024
Revenues
Sales of products and services rendered	24,659,841	23,447,605	10,608,095	10,691,326
Other income/(expenses)	94,183	76,053	83,957	49,978
Provision for (reversal of) doubtful debts	2,748	(29,160)	(867)	(21,613)
	24,756,772	23,494,498	10,691,185	10,719,691
Raw materials acquired from third parties
Cost of sales and services	(11,238,767)	(11,436,836)	(6,300,815)	(7,300,269)
Materials, electric power, outsourcing and other	(2,476,206)	(2,802,313)	(666,133)	(599,142)
Impairment/recovery of assets	(88,858)	(96,646)	(51,392)	(94,697)
	(13,803,831)	(14,335,795)	(7,018,340)	(7,994,108)
Gross value added	10,952,941	9,158,703	3,672,845	2,725,583

Retentions
Depreciation, amortization and depletion	(2,045,784)	(1,832,760)	(719,953)	(647,323)
Value added created	8,907,157	7,325,943	2,952,892	2,078,260

Value added received
Equity in results of affiliated companies	245,227	191,599	741,975	(76,814)
Financial income	583,216	475,472	187,689	91,493
Other and exchange gains	965,567	(1,600,692)	185,581	143,712
	1,794,010	(933,621)	1,115,245	158,391
Value added for distribution	10,701,167	6,392,322	4,068,137	2,236,651

Value added distributed
Personnel and Charges	2,296,129	1,417,119	852,628	565,924
Salaries and wages	1,804,900	1,154,592	635,358	439,823
Benefits	375,598	202,270	172,024	102,008
Severance payment (FGTS)	115,631	60,257	45,246	24,093
Taxes, fees and contributions	3,962,466	4,164,895	1,793,084	1,590,654
Federal	2,025,923	2,389,406	890,485	808,015
State	1,923,205	1,766,510	902,599	782,639
Municipal	13,338	8,979	-	-
Remuneration on third-party capital	5,304,521	1,512,582	2,207,570	1,198,553
Interest	2,574,398	2,047,486	1,242,921	921,207
Rental	5,152	17,884	2,473	4,546
Other and exchange losses	2,724,971	(552,788)	962,176	272,800
Interest on equity	(861,949)	(702,274)	(785,145)	(1,118,480)
Dividends		(950,000)		(950,000)
Income for the year/Retained earnings	(785,146)	(168,480)	(785,145)	(168,480)
Non-controlling interests	(76,803)	416,206
	10,701,167	6,392,322	4,068,137	2,236,651
The accompanying notes are an integral part of these consolidated financial statements

	(1)	These are financial investments with a restricted modality and linked to a bank deposit certificate (CDB) to guarantee a letter of guarantee with financial institutions and financial investments in public securities (LFT - Financial Treasury Bills) managed by their exclusive funds. The Subsidiary CSN Cimentos Brasil maintains investments with restricted availability as giving in security for liabilities. These securities are subject to an indefinite redemption term and corresponded to a balance of BRL 8,985 on June 30, 2025 (BRL 8,497 as of December 31, 2024). The subsidiaries Elizabeth Cimentos S/A and Estanho de Rondônia maintained investments linked to financing agreements which will mature in 2030 and 2028, respectively, in the amount of BRL 20,773 (BRL 19,057 as of December 31, 2024).
	(2)	Usiminas shares held by the Company ceased to be considered collateral (fiduciary sale) as of June 8, 2024.
	(3)	Bonds maintained with Banco Fibra maturing in February 2028 will be paid in advance by the end of 2025 fiscal year. (See explanatory note 20.a.)

			Consolidated		Parent Company
	Ref.	06/30/2025	12/31/2024	06/30/2025	12/31/2024
Trade receivables
Third parties
In Brazil		1,583,880	1,457,840	751,815	868,360
Abroad		948,979	1,563,075	34,751	47,258
		2,532,859	3,020,915	786,566	915,618
Provision for doubtful debts		(216,909)	(212,088)	(96,484)	(95,617)
		2,315,950	2,808,827	690,082	820,001
Related parties	20.a	121,093	92,171	940,193	735,140
		2,437,043	2,900,998	1,630,275	1,555,141

	Equity interests (%)
Companies	06/30/2025	12/31/2024	Core business
Direct interest in subsidiaries: full consolidation
CSN Islands VII Corp.	100.00	100.00	Financial transactions
CSN Inova Ventures	100.00	100.00	Equity interests and financial transactions
CSN Islands XII Corp.	100.00	100.00	Financial transactions
CSN Steel S.L.U.	100.00	100.00	Equity interests and financial transactions
TdBB S.A (*)	100.00	100.00	Equity interests
Sepetiba Tecon S.A.	99.99	99.99	Port services
Minérios Nacional S.A.	99.99	99.99	Mining and Equity interests
Companhia Florestal do Brasil	99.99	99.99	Reforestation
Estanho de Rondônia S.A.	99.99	99.99	Tin Mining
Companhia Metalúrgica Prada	99.89	99.89	Manufacture of containers and distribution of steel products
CSN Mineração S.A.	69.01	69.01	Mining
CSN Energia S.A.	99.99	99.99	Sale of electric power
FTL - Ferrovia Transnordestina Logística S.A.	92.71	92.71	Railroad logistics
Nordeste Logística S.A.	99.99	99.99	Port services
CSN Inova Ltd.	100.00	100.00	Advisory and implementation of new development project
CBSI - Companhia Brasileira de Serviços de Infraestrutura	99.99	99.99	Equity interests and product sales and iron ore
CSN Cimentos Brasil S.A.	99.99	99.99	Manufacturing and sale of cement
Berkeley Participações e Empreendimentos S.A.	100.00	100.00	Electric power generation and equity interests
CSN Inova Soluções S.A.	99.99	99.99	Equity interests
CSN Participações I	99.90	99.90	Equity interests
Circula Mais Serviços de Intermediação Comercial S.A.	0.10	0.10	Commercial intermediation for the purchase and sale of assets and materials in general
CSN Participações III	99.90	99.90	Equity interests
CSN Participações IV	99.90	99.90	Equity interests
CSN Participações V	99.90	99.90	Equity interests
CSN Incorporação e Participações Ltda.	99.99	99.99	Equity interests
Estrela Comércio e Participações S.A. (5)	70.00		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.	100.00	100.00	Steel and Equity interests
CSN Resources S.A.	100.00	100.00	Financial transactions and Equity interests
Companhia Brasileira de Latas	99.89	99.89	Sale of cans and containers in general and Equity interests
Companhia de Embalagens Metálicas MMSA	99.88	99.88	Production and sale of cans and related activities
Companhia de Embalagens Metálicas - MTM	99.88	99.88	Production and sale of cans and related activities
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.	69.01	69.01	Financial transactions, product sales and Equity interests
CSN Mining GmbH	69.01	69.01	Financial transactions, product sales and Equity interests
CSN Mining Asia Limited	69.01	69.01	Commercial representation
Lusosider Ibérica S.A.	100.00	100.00	Steel, commercial and industrial activities and equity interests
Companhia Siderúrgica Nacional, LLC	100.00	100.00	Import and distribution/resale of products
Elizabeth Cimentos S.A.	99.99	99.99	Manufacturing and sale of cement
Santa Ana Energética S.A.	99.99	99.99	Electric power generation
Topázio Energética S.A.	99.99	99.99	Electric power generation
Brasil Central Energia Ltda.	99.99	99.99	Electric power generation
Circula Mais Serviços de Intermediação Comercial S.A.	99.99	99.99	Commercial intermediation for the purchase and sale of assets and materials in general
Metalgráfica Iguaçu S.A	99.89	99.89	Metal packaging manufacturing
Companhia Energética Chapecó	69.01	69.01	Electric power generation
Companhia Estadual de Geração de Energia Elétrica - CEEE-G	100.00	100.00	Electric power generation
Ventos de Vera Cruz S.A.	99.99	99.99	Electric power generation
Ventos de Curupira S.A	99.99	99.99	Electric power generation
Ventos de Povo Novo S.A.	99.99	99.99	Electric power generation
MAZET Maschinenbau und Zerspanungstechnik Unterwellwnborn GmbH	100.00	100.00	Production and sale of long steel and related activities
CSN ITC Solutions AG ⁽¹⁾	55.20		Financial transactions, product sales and Equity interests
CSN Mining International GmbH	69.01	69.01	Commercial and representation of products
Gramperfil S.A. ⁽²⁾	100.00		Production and commercialization of steel profiles
CSN International Steel GmbH	100.00	100.00	Commercial and representation of products
Tora Transportes Ltda ⁽⁵⁾	70.00		Land transport
Tora Locações S.A. ⁽⁵⁾	70.00		Land transport and vehicle rentals
FJX Transportes S.A. ⁽⁵⁾	42.00		Land transport and logistics
N. Minas Transportes e Locações Ltda. ⁽⁵⁾	70.00		Land transport and logistics
Saratoga Transportes Ltda ⁽⁵⁾	70.00		Land transport
Lokamig Rent a Car S.A.⁽⁵⁾	70.00		Vehicle rentals
Seminovos Lokamig Ltda. ⁽⁵⁾	70.00		Vehicle rentals
Tora Logística Armazéns e Terminais Multimodais S.A. ⁽⁵⁾	70.00		Logistics
Tora Recintos Alfandegários S.A. ⁽⁵⁾	70.00		General warehousing operations and land transport
Tora Seminovos Comércio de Veículos Ltda. ⁽⁵⁾	70.00		Trade and vehicle rentals

Direct ownership interest in companies exercising shared control classified as joint-operation
Itá Energética S.A.	48.75	48.75	Electric power generation

Direct interest in joint ventures: equity method
MRS Logística S.A.	18.75	18.75	Railroad transportation
Aceros Del Orinoco S.A. (*)	31.82	31.82	Dormant company
Transnordestina Logística S.A.	48.03	48.03	Railroad logistics
Equimac S.A	50.00	50.00	Rental of commercial and industrial machinery and equipment

Indirect interest in joint ventures: equity method
MRS Logística S.A.	12.93	12.93	Railroad transportation

Direct interest in associates: equity method
Arvedi Metalfer do Brasil S.A.	20.00	20.00	Metallurgy and Equity interests
Panatlântica S.A.	29.92	29.92	Steel

Indirect interest in affiliates: equity method
Jaguari Energética S.A.	10.50	10.50	Electric power generation
Chapecoense Geração S.A.	9.00	9.00	Electric power generation
Companhia Energética Rio das Antas - Ceran	30.00	30.00	Electric power generation
Foz Chapecó Energia S.A.	9.00	9.00	Electric power generation

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

Consortiuns
Consórcio Itaúba ⁽³⁾	99.99	100.00	Electric power generation
Consórcio Passo Real ⁽⁴⁾	96.55	100.00	Electric power generation
Consórcio da Usina Hidrelétrica de Igarapava	17.92	17.92	Electric power generation
Consórcio Dona Francisca	15.00	15.00	Electric power generation

							Parent Company
Companies	Final balance on 12/31/2024	Capital increase	Dividends	Equity Income	Comprehensive income	Others	Final balance on 06/30/2025


Investments under the equity method
Subsidiaries
CSN Steel S.L.U.	4,618,406			(73,157)	(3,082)		4,542,167
Sepetiba Tecon S.A.	302,152			(14,381)			287,771
Minérios Nacional S.A.	90,578			(23,401)			67,177
Fair Value - Minérios Nacional	2,122,071						2,122,071
Companhia Metalúrgica Prada	181,686			(65,881)			115,805
Goodwill - Companhia Metalúrgica Prada	63,509						63,509
CSN Mineração S.A.	7,086,794		(905,941)	(166,595)	360,458		6,374,716
CSN Energia S.A.	20,142			(74)			20,068
FTL - Ferrovia Transnordestina Logística S.A.	100,314			(22,812)			77,502
Companhia Florestal do Brasil	1,246,403	600		1,344	69		1,248,416
CBSI - Companhia Brasileira de Serviços de Infraestrutura	84,226			25,359			109,585
Goodwill - CBSI - Companhia Brasileira de Serviços de Infraestrutura	15,225						15,225
CSN Cimentos Brasil S.A.	6,612,579			187,048			6,799,627
Estrela Comércio e Participações S.A		168,825		57			168,882
Goodwill - Estrela Comércio e Participações S.A ⁽¹⁾		573,675					573,675
Others	313	15		15		(5)	338
	22,544,398	743,115	(905,941)	(152,478)	357,445	(5)	22,586,534
Joint-venture, Joint-operation and Affiliate
Itá Energética S.A.	177,351			7,483			184,834
MRS Logística S.A.	1,400,002			143,443	6		1,543,451
Transnordestina Logística S.A.	1,137,345			(15,178)			1,122,167
Fair Value -Transnordestina	659,106						659,106
Equimac S.A	31,733		(2,187)	3,812			33,358
Panatlântica S.A.	225,764			9,406			235,170
Arvedi Metalfer do Brasil S.A.	35,257			458			35,715
	3,666,558		(2,187)	149,424	6		3,813,801
Other participations
Profits on subsidiaries' inventories	(53,731)			20,237			(33,494)
Other investments	40						40
	(53,691)			20,237			(33,454)

Total shareholdings	26,157,265	743,115	(908,128)	17,183	357,451	(5)	26,366,881

Subsidiaries with unsecured liabilities
CSN Islands VII Corp.	(3,255,338)			308,029			(2,947,309)
CSN Inova Ventures	(3,348,913)			184,594			(3,164,319)
CSN Islands XII Corp.	(4,803,727)			280,256			(4,523,471)
Estanho de Rondônia S.A.	(47,190)	35,000		(47,843)			(60,033)
Others	(3,645)			(244)			(3,889)
Total subsidiaries with unsecured liabilities	(11,458,813)	35,000		724,792			(10,699,021)

Equity Income				741,975

Classification of investments in the balance sheet
Equity interests	26,157,265						26,366,881
Investment Property	135,557						134,479
Total active investments	26,292,822						26,501,360
Provision for Investments with Unsecured Liabilities (liabilities)	(11,458,813)						(10,699,022)
Total active and passive investments	14,834,009						15,802,338

				06/30/2025				12/31/2024
	Joint-Venture			Joint-Operation	Joint-Venture			Joint-Operation
Equity interest (%)	MRS Logística	Transnordestina Logística	Equimac S.A.	Itá Energética	MRS Logística	Transnordestina Logística	Equimac S.A.	Itá Energética
Equity interest (%)	37.49%	48.03%	50.00%	48.75%	37.49%	48.03%	50.00%	48.75%
Balance sheet
Current Assets
Cash and cash equivalents	2,096,349	317,450	19,839	116,353	4,147,393	277,966	22,028	82,129
Advances to suppliers	54,679	37,567	138	436	42,649	45,512	49	395
Other assets	1,063,316	81,230	22,314	23,968	1,182,598	83,348	25,070	27,251
Total current assets	3,214,344	436,247	42,291	140,757	5,372,640	406,826	47,147	109,775
Non-current Assets
Other assets	962,958	138,248	259	9,345	448,946	143,562	142	10,144
Investments, PP&E and intangible assets	15,817,126	14,086,706	74,219	248,358	14,791,500	13,193,728	75,782	263,998
Total non-current assets	16,780,084	14,224,954	74,478	257,703	15,240,446	13,337,290	75,924	274,142
Total Assets	19,994,428	14,661,201	116,769	398,460	20,613,086	13,744,116	123,071	383,917

Current Liabilities
Borrowings and financing	933,027	51,565	21,798		547,803	36,181	19,009
Lease liabilities	767,094		344		738,978		288
Other liabilities	1,915,102	206,542	13,879	14,363	2,103,399	128,528	16,642	15,664
Total current liabilities	3,615,223	258,107	36,021	14,363	3,390,180	164,709	35,939	15,664
Non-current Liabilities
Borrowings and financing	6,124,608	8,804,430	10,379		7,524,173	7,943,354	21,074
Lease liabilities	864,482		213		1,158,058		213
Other liabilities	1,159,206	3,262,700	3,439	4,950	1,074,757	3,268,493	2,379	4,457
Total non-current liabilities	8,148,296	12,067,130	14,031	4,950	9,756,988	11,211,847	23,666	4,457
Shareholders’ equity	8,230,909	2,335,964	66,717	379,147	7,465,918	2,367,560	63,466	363,796
Total liabilities and shareholders’ equity	19,994,428	14,661,201	116,769	398,460	20,613,086	13,744,116	123,071	383,917

				01/01/2025 to 06/30/2025				01/01/2024 to 06/30/2024
	Joint-Venture			Joint-Operation		Joint-Venture		Joint-Operation
Equity interest (%)	MRS Logística	Transnordestina Logística	Equimac S.A.	Itá Energética	MRS Logística	Transnordestina Logística	Equimac S.A.	Itá Energética
Equity interest (%)	37.49%	48.03%	50.00%	48.75%	37.49%	48.03%	50.00%	48.75%
Statements of Income
Net revenue	3,607,492		38,916	100,768	3,497,614		31,377	91,948
Cost of sales and services	(1,962,878)		(21,902)	(48,945)	(1,808,873)		(16,512)	(59,656)
Gross profit	1,644,614		17,014	51,823	1,688,741		14,865	32,292
Operating (expenses) income	(445,205)	(26,714)	(2,883)	(36,908)	(91,298)	(19,996)	(3,075)	(40,670)
Financial income (expenses), net	(199,246)	(4,882)	(2,034)	3,627	(584,221)	(6,792)	(1,043)	2,174
Profit/(Loss) before IR/CSLL	1,000,163	(31,596)	12,097	18,542	1,013,222	(26,788)	10,747	(6,204)
Current and deferred IR/CSLL	(235,213)		(3,302)	(3,191)	(342,656)		(3,144)	(291)
Profit / (loss) for the period	764,950	(31,596)	8,795	15,351	670,566	(26,788)	7,603	(6,495)

									Consolidated
	Ref.	Land	Buildings and Infrastructure	Machinery, equipment and facilities	Furniture and fixtures	Construction in progress (*)	Right of use (i)	Other (2)	Total
Balance at December 31, 2024		592,716	4,772,512	17,969,066	105,055	5,881,336	756,814	348,524	30,426,023
Cost		592,716	9,664,220	43,110,825	372,094	5,881,336	1,269,089	922,119	61,812,399
Accumulated depreciation			(4,891,708)	(25,141,759)	(267,039)		(512,275)	(573,595)	(31,386,376)
Balance at December 31, 2024		592,716	4,772,512	17,969,066	105,055	5,881,336	756,814	348,524	30,426,023
Effect of foreign exchange differences		15,290	36,367	(75,771)	(4,040)	77,472	(4,841)	(27,215)	17,262
Acquisitions		3,100	3,234	238,488	6,206	2,156,053	61,644	50,187	2,518,912
Capitalized interest	26					176,491			176,491
Estimated derecognition and losses, net of reversal	25		(6,123)	(4,262)	(12)	(4)	(9,812)	(216)	(20,429)
Depreciation	24		(170,910)	(1,584,857)	(9,155)		(135,050)	(47,217)	(1,947,189)
Transfers to other asset categories		3,080	93,848	1,166,435	15,438	(1,308,979)		30,178
Transfers between groups - intangíble assets, IPP and stock (1)				(22,570)		(33,447)		(16,470)	(72,487)
Right of use - Remeasurement							99,628		99,628
Result of acquisition of ownership interest in Grupo Estrela (2)		6,963	33,350	19,984	1,230	1,550	183,929	590,134	837,140
Others								(3,468)	(3,468)
Balance at June 30, 2025		621,149	4,762,278	17,706,513	114,722	6,950,472	952,312	924,437	32,031,883
Cost		621,149	9,911,617	44,517,014	400,685	6,950,472	1,632,229	1,773,930	65,807,096
Accumulated depreciation			(5,149,339)	(26,810,501)	(285,963)		(679,917)	(849,493)	(33,775,213)
Balance at June 30, 2025		621,149	4,762,278	17,706,513	114,722	6,950,472	952,312	924,437	32,031,883

				Consolidated
				06/30/2025
Nature	New debts	Maturities	Repayment	Interest payment
Pre-Payment	759,263	2027	(874,332)	(302,796)
Bonds, ACC and Facility	2,552,626	2025 to 2028	(3,417,753)	(838,348)
BNDES/FINAME/FINEP, Debentures, CRI and NCE	3,145,395	2025 to 2042	(3,785,570)	(1,027,336)
	6,457,284		(8,077,655)	(2,168,480)


				Parent Company
				06/30/2025
Nature	New debts	Maturities	Repayment	Interest payment
Pre-Payment	143,244	2032	(804,403)	(304,635)
Bonds and ACC	766,800	2025 to 2028	(816,030)	(82,406)
BNDES/FINAME/FINEP, Debentures, CRI and NCE	150,000	2025 to 2039	(163,580)	(586,551)
Intercompany		2025 to 2032	(349,221)	(15,694)
	1,060,044		(2,133,234)	(989,286)

	06/30/2025	12/31/2024
Foreign Exchange Exposure	(Amounts in US$’000)	(Amounts in US$’000)
Cash and cash equivalents overseas	2,091,690	1,951,025
Trade receivables	135,828	58,296
Financial investments	427,348	270,038
Borrowings and financing	(5,872,123)	(5,983,492)
Trade payables	(383,140)	(284,843)
Others	(49,495)	(37,185)
Natural Gross Foreign Exchange Exposure (assets - liabilities)	(3,649,892)	(4,026,161)
Derivative transactions (¹)	4,753,567	5,098,257
	1,103,675	1,072,096

				06/30/2025
Currency	Exchange rate	Probable scenario	Scenario 1	Scenario 2
USD	5.4571	5.5433	5.7944	4.9881

					06/30/2025
Instruments	Notional amount	Risk	Probable scenario (*) R$	Scenario 1 R$	Scenario 2 R$
Cash and cash equivalents overseas	2,091,690	Dollar	32,526	121,765	(196,664)
Trade receivables	135,828	Dollar	2,112	7,907	(12,771)
Financial investments	427,348	Dollar	6,645	24,877	(40,180)
Borrowings and financing	(5,872,123)	Dollar	(91,313)	(341,837)	552,105
Trade payables	(383,140)	Dollar	(5,958)	(22,304)	36,023
Others	(49,495)	Dollar	(770)	(2,881)	4,654
Derivative financial instruments	4,753,567	Dollar	73,919	276,722	(446,937)
Impact on profit or loss			17,161	64,249	(103,770)

						Impact on balances on 06/30/2025
Changes in interest rates	% p.a	Assets	Liabilities	Probable scenario (*)	Scenario 1	Scenario 2
CDI	14.90%	5,702,397	(12,495,450)	(1,012,165)	(1,033,755)	(894,039)
TJLP	8.65%		(821,055)	(71,021)	(76,305)	(66,229)
IPCA	5.35%		(1,244,843)	(66,599)	(93,922)	(62,826)
SOFR 6M	4.15%		(3,976,480)	(164,887)	(216,151)	(158,178)
SOFR	4.45%		(1,960,455)	(87,240)	(94,183)	(76,784)
EURIBOR 3M	1.94%		(815,745)	(15,858)	(18,470)	(9,805)
EURIBOR 6M	2.05%		(29,421)	(603)	(801)	(389)
				(1,418,373)	(1,533,586)	(1,268,251)

	12/31/2024	Movement	Realization	06/30/2025
Cash flow hedge – “Platts”		87,423	(87,423)
Income tax and social contribution on cash flow hedge		(4,660)	4,660
Fair Value of cash flow hedge - Platts, net		82,763	(82,763)

									06/30/2025
Designation Date	Hedging Instrument	Hedged item	Type of hedged risk	Hedged period	Exchange rate on designation	Designated amounts (US$’000)	Amortized part (USD'000)	Effect on Result (*) (R$'000)	Impact on Shareholders' equity (R$'000)
07/31/2019	Bonds and Export prepayments in US$ to third parties	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	January 2020 - April 2026	3.7649	1,342,761	(871,761)		(797,026)
1/10/2020	Bonds	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	March 2020 to November 2025 until December 2050	4.0745	1,416,000	(1,404,000)		(1,339,705)
01/28/2020	Bonds	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	March 2027 - January 2028	4.2064	1,000,000			(1,250,700)
6/1/2022	Bonds and Export prepayments in US$ to third parties	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	June 2022 - April 2032	4.7289	1,145,300	(360,321)	(215,030)	(571,622)
12/1/2022	Bonds	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	December 2022 - June 2031	5.0360	490,000	(37,000)		(190,758)
6/6/2024	Advance on foreign exchange contract	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	June 2024 - February 2025	5.2700	30,000	(30,000)
06/25/2024	Advance on foreign exchange contract	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	June 2024 - February 2025	5.4405	10,000	(10,000)
05/16/2024	Export Prepayments in US$ with third parties, ACC and Bonds	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	September 2024 - March 2035	5.1270	1,202,000	(230,200)		(320,791)
1/12/2022	Advance on foreign exchange contract	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	December 2022 - December 2025	5.2565	100,000			(20,060)
Total recognized at the parent company						6,736,061	(2,943,282)	(215,030)	(4,490,662)
1/6/2022	Export prepayments in US$ to third parties	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	June 2022 - May 2033	4.7289	878,640	(208,980)	(50,272)	(487,637)
1/12/2022	Export prepayments in US$ to third parties	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	December 2022 - June 2027	5.0360	70,000			(29,486)
05/16/2024	Export prepayments in US$ to third parties	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	August 2025 - March 2035	5.1270	208,717			(68,897)
Total recognized in the consolidated						7,893,418	(3,152,262)	(265,302)	(5,076,682)

						Consolidated
At June 30, 2025	Ref.	Less than one year	From one to two years	From two to five years	Over five years	Total
Loans, financing and debentures	12.b	7,907,146	10,034,679	12,859,332	21,452,964	52,254,121
Lease liabilities	14	227,950	329,333	140,173	375,972	1,073,428
Derivative financial instruments	13				150,590	150,590
Trade payables	15	7,066,323	1,662	207	830	7,069,022
Trade payables - Forfaiting	15.a	2,747,027				2,747,027
Dividends and interest on capital	16	1,437,467				1,437,467
Concessions to be paid	16	12,238	13,350	53,400	13,350	92,338
		19,398,151	10,379,024	13,053,112	21,993,706	64,823,993

		06/30/2025		12/31/2024
	Closing Balance	Fair value	Closing Balance	Fair value
Fixed Rate Notes (*)	19,570,132	17,399,414	22,204,604	19,584,985


Class of shares	06/30/2025				12/31/2024				06/30/2025	06/30/2024
Class of shares	Quantity	Equity interest (%)	Share price	Closing Balance	Quantity	Equity interest (%)	Share price	Closing Balance	Profit or loss (note 26)
USIM3	106,620,853	15.12%	4.14	441,410	106,620,853	15.12%	5.32	567,222	(125,813)	(167,395)
USIM5	55,144,456	10.07%	4.12	227,196	55,144,456	10.07%	5.32	293,369	(66,173)	(76,099)
				668,606				860,591	(191,986)	(243,494)
PATI3										(78,737)
				668,606				860,591	(191,986)	(322,231)

Thousands of Reais	06/30/2025	12/31/2024
Shareholder's equity (equity)	16,853,240	15,459,116
Borrowings and Financing (Third-party capital)	51,567,038	56,914,621
Gross Debit/Shareholder's equity	3.06	3.68

		06/30/2025
Contract term (in years)		Incremental Rate (p.a.)
1		15.43%
2		18.02%
3		16.76%
5		14.76%

				Consolidated
	Less than one year	Between one and five years	Over five years	Total
Leases	256,372	830,059	1,340,143	2,426,574
Adjusted present value - Leases	(28,422)	(360,552)	(964,172)	(1,353,146)
	227,950	469,507	375,971	1,073,428

				Consolidated
	Six months ended		Three months ended
	06/30/2025	06/30/2024	06/30/2025	06/30/2025
Contract less than 12 months		880		381
Lower Assets value	5,976	5,550	2,311	2,964
Variable lease payments	165,389	140,978	84,726	67,789
	171,365	147,408	87,037	71,134


				Parent Company
	Six months ended		Three months ended
	06/30/2025	06/30/2024	06/30/2025	06/30/2025
Contract less than 12 months
Lower Assets value	4,007	3,931	1,602	2,119
	4,007	3,931	1,602	2,119

		Consolidated
Trade payables	Forfaiting	No Forfaiting
Due between 1 and 180 days	1,507,437	5,331,930
Due between 181 to 360 days	1,239,590	1,734,393
Over 360 days		2,699
Total	2,747,027	7,069,022

	Consolidated
Exchange variation	(105,035)
Interest Appropriation	39,268
Total	(65,767)

	Consolidated	Parent Company
Balance at January 1, 2024	4,729,632	3,213,410
Recognized in profit and loss	1,305,927	942,394
Recognized in equity	769,162	594,529
Use of tax credit in installment program	(724)
Balance at December 31, 2024	6,803,997	4,750,333
Recognized in profit and loss	643,961	710,159
Recognized in equity	(1,323,828)	(1,061,397)
Result of acquisition of ownership interest in Grupo Estrela ⁽¹⁾	2,529
Balance at June 30, 2025	6,126,659	4,399,095

				Consolidated				Parent Company
	Accrued liabilities		Judicial deposits		Accrued liabilities		Judicial deposits
	06/30/2025	12/31/2024	06/30/2025	12/31/2024	06/30/2025	12/31/2024	06/30/2025	12/31/2024
Tax	109,099	130,755	181,741	176,086	24,714	50,990	71,626	70,944
Social security	1,500	1,546			1,500	1,546
Labor	460,039	387,612	347,204	294,233	149,469	144,407	123,669	114,994
Civil	252,342	815,180	36,953	134,609	137,726	130,308	15,086	15,991
Environmental	35,922	42,609	3,723	3,723	10,521	10,446	283	283
Deposit of a guarantee			24,050	24,299
	858,902	1,377,702	593,671	632,950	323,930	337,697	210,664	202,212

Classified:
Current	115,105	132,112			70,698	61,008
Non-current	743,797	1,245,590	593,671	632,950	253,232	276,689	210,664	202,212
	858,902	1,377,702	593,671	632,950	323,930	337,697	210,664	202,212

						Consolidated
						Current + Non-current
Nature	12/31/2024	Additions	Accrued charges	Result of acquisition of ownership interest in Grupo Estrela (1)	Net utilization of reversal	06/30/2025
Tax	130,755	18,415	3,057	12,691	(55,819)	109,099
Social security	1,546		30		(76)	1,500
Labor	387,612	32,917	72,074	12,094	(44,658)	460,039
Civil	815,180	10,288	17,426	44	(590,596)	252,342
Environmental	42,609	764	1,048		(8,499)	35,922
	1,377,702	62,384	93,635	24,829	(699,648)	858,902

		Consolidated
	06/30/2025	12/31/2024
Notice of Violation and Imposition of Fine (AIIM) / Tax Foreclosure - RFB - IRPJ/CSLL - Capital Gain for alleged sale of equity interest in subsidiary NAMISA ⁽¹⁾	10,578,207	10,246,424
Notice of Violation and Imposition of Fine (AIIM) / Tax Foreclosure - RFB - IRPJ/CSLL - Disallowance of goodwill deductions generated in the reverse incorporation of Big Jump by Namisa ⁽¹⁾	4,673,837	4,346,118
Notice of Violation and Imposition of Fine (AIIM) / Tax Enforcement - RFB - IRPJ/CSLL - Disallowance of prepayment interest arising from iron ore supply and port services contracts	2,210,181	2,284,914

Notice of Violation and Imposition of Fine (AIIM) / Writ of Mandamus - RFB - IRPJ/CSLL - Profits earned abroad in 2008, 2010, 2011, 2012, 2014, 2015, 2016, 2017 and 2018	6,460,289	6,239,017

Unapproved compensation - RFB - IRPJ/CSLL, PIS/COFINS and IPI	2,234,856	2,169,108


Offsets not approved - RFB - Exclusion of credits under ruling 69/STF (inclusion of ICMS in PIS/CONFINS calculation base) (1)	715,017

ICMS - SEFAZ/RJ - Assessment Notice - questions about sales for incentive area	1,481,232	1,460,763

Notice of Violation and Imposition of Fine (AIIM) - RFB - Disallowance of PIS/COFINS Credits for inputs and freight	1,866,258	1,499,578

CFEM – difference of understanding between CSN and ANM on the calculation basis	1,636,923	1,570,733

Notice of Infraction and Imposition of Fine (AIIM) - RFB - Collection IRRF - Business Combinations CMIN 2015	212,106	205,621

ICMS - SEFAZ/RJ - ICMS Credits for acquisition of Electric Energy Industrialization	41,665	39,939

Notice of Violation and Imposition of Fine (AIIM) - IRPJ/CSLL - Disallowance of deductions of goodwill generated in the acquisition of Cimentos Mauá	442,849	422,499

ICMS - SEFAZ/RJ - Disallowance of the ICMS credits - Transfer of iron ore	807,081	779,093

ICMS - SEFAZ/RJ - Disallowance of credits on purchases of intermediate products	513,220	488,238

Disallowance of tax loss and negative calculation base resulting from adjustments in SAPLI - RFB	831,787	798,226

Notice of Infraction and Imposition of a Fine (AIIM) - RFB - IRPJ/CSLL - Transfer Pricing (2)	284,224	389,919

ICMS - SEFAZ/RJ - Transfer of imported raw material for a value lower than the TECAR import document	439,211	422,807

Assessment Notice- IRRF- Capital Gain of CFM vendors located abroad (3)	159,667	338,273

Other tax lawsuits (federal, state, and municipal)	7,176,863	6,977,524

Social security lawsuits	746,466	647,801
Action to discuss the balance of the construction contract – Tebas	650,979	621,724

Action related to power supply payment’s charge - Light	535,120	492,535
Action that discusses Negotiation of energy sales - COPEN - CEEE-G	243,423	229,983

Proceedings challenging ruling imposed by CADE on company acquired by CSN Group due to alleged participation in Cement Cartel (4)	493,347

Other civil lawsuits	1,737,420	1,620,259
Labor and social security lawsuits	2,715,209	2,580,452

Tax Execution Traffic Ticket Volta Grande IV	164,474	152,322
ACP Landfill Márcia I	306,389	306,389

Notice of IEF Commitment Agreement ⁽⁵⁾	337,951	337,951

Other environmental lawsuits	835,759	786,360

Result of acquisition of ownership interest in Grupo Estrela (6)	50,745

	51,582,755	48,454,570