National Steel Co 6-K, filed Aug 17, 2021

National Steel Co (SID)

6-K 2021-08-17 For: 2021-06-30

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Added on April 11, 2026

About this 6-K

National Steel Co filed this 6-K on August 17, 2021.

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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
01/01/2021 to 06/30/2021	8
01/01/2020 to 06/30/2020	9
Statement of Value Added	10
Consolidated Financial Statements
Balance Sheet – Assets	11
Balance Sheet - Liabilities	12
Statement of Income	14
Statement of Comprehensive Income	16
Statement of Cash Flows	17
Statement of Changes in Shareholders’ Equity
01/01/2021 to 06/30/2021	19
01/01/2020 to 06/30/2020	20
Statement of Value Added	21
Comments on the Company’s Consolidated Performance
Notes to the quarterly financial information	22
Comments on the Performance of Business Projections
Reports and Statements
Unqualified Independent Auditors’ Review Report	74
Opinion of the Supervisory Board or Equivalent Body
Opinion or Summary Report, if any, of the Audit Committee (statutory or otherwise)
Officers Statement on the Financial Statements
Officers Statement on Auditor’s Report

Number of Shares (Units)	Current quarter 06/30/2021
Paid-in Capital
Common	1,387,524,047
Preferred	0
Total	1,387,524,047
Treasury Shares
Common	7,409,500
Preferred	0
Total	7,409,500

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

Code	Description	Current Quarter 06/30/2021	Previous Year 12/31/2020
1	Total Assets	56,580,993	53,196,550
1.01	Current assets	14,632,915	14,879,594
1.01.01	Cash and cash equivalents	3,611,770	4,647,125
1.01.02	Financial investments	3,561,255	3,780,891
1.01.02.01	Financial investments measured a fair value through profit or loss	3,159,021	3,305,109
1.01.02.01.03	Financial investments measured a fair value through profit or loss – Usiminas’ shares	3,159,021	3,305,109
1.01.02.03	Financial investments at amortized cost	402,234	475,782
1.01.03	Trade receivables	1,855,694	1,549,703
1.01.04	Inventory	4,635,038	3,014,446
1.01.06	Recoverable taxes	478,974	1,381,853
1.01.08	Other current assets	490,184	505,576
1.01.08.03	Others	490,184	505,576
1.01.08.03.02	Prepaid expenses	139,163	94,782
1.01.08.03.03	Dividends receivable	253,814	329,413
1.01.08.03.04	Others	97,207	81,381
1.02	Non-current assets	41,948,078	38,316,956
1.02.01	Long-term assets	9,011,235	8,406,417
1.02.01.03	Financial investments at amortized cost	118,790	123,409
1.02.01.07	Deferred taxes assets	4,145,519	3,799,707
1.02.01.10	Other non-current assets	4,746,926	4,483,301
1.02.01.10.03	Recoverable taxes	712,063	738,431
1.02.01.10.04	Judicial deposits	228,396	221,016
1.02.01.10.05	Prepaid expenses	92,070	99,834
1.02.01.10.06	Receivable from related parties	2,177,521	1,907,877
1.02.01.10.07	Others	1,536,876	1,516,143
1.02.02	Investments	25,722,679	19,546,493
1.02.02.01	Equity interest	25,578,883	19,401,494
1.02.02.02	Investment Property	143,796	144,999
1.02.03	Property, plant and equipment	7,164,009	10,315,724
1.02.03.01	Property, plant and equipment in operation	6,435,850	8,598,597
1.02.03.02	Right of use in leases	18,181	64,659
1.02.03.03	Property, plant and equipment in progress	709,978	1,652,468
1.02.04	Intangible assets	50,155	48,322

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

Code	Description	Current Quarter 06/30/2021	Previous Year 12/31/2020
2	Total Liabilities	56,580,993	53,196,550
2.01	Current liabilities	11,692,055	10,756,084
2.01.01	Payroll and related taxes	171,868	138,761
2.01.02	Trade payables	4,445,459	4,133,089
2.01.03	Tax payables	321,151	289,095
2.01.04	Borrowings and financing	3,692,276	3,858,493
2.01.05	Other payables	3,016,957	2,302,188
2.01.05.02	Others	3,016,957	2,302,188
2.01.05.02.04	Dividends and interests on shareholder´s equity	1,423	901,983
2.01.05.02.05	Advances from clients	191,611	196,595
2.01.05.02.06	Trade payables – Forfaiting and Drawee risk	2,190,459	623,861
2.01.05.02.07	Lease liabilities	6,947	26,546
2.01.05.02.08	Other payables	626,517	553,203
2.01.06	Provisions	44,344	34,458
2.01.06.01	Provision for tax, social security, labor and civil risks	44,344	34,458
2.02	Non-current liabilities	23,172,245	32,527,015
2.02.01	Borrowings and financing	15,331,433	24,423,753
2.02.02	Other payables	340,480	771,292
2.02.02.02	Others	340,480	771,292
2.02.02.02.03	Lease liabilities	13,133	40,561
2.02.02.02.04	Derivative financial instruments	73,268	97,535
2.02.02.02.05	Trade payables	45,550	376,753
2.02.02.02.06	Other payables	208,529	256,443
2.02.04	Provisions	7,500,332	7,331,970
2.02.04.01	Provision for tax, social security, labor and civil risks	357,119	401,157
2.02.04.02	Other provisions	7,143,213	6,930,813
2.02.04.02.03	Provision for environmental liabilities and decommissioning of assets	185,640	229,524
2.02.04.02.04	Pension and healthcare plan	758,426	758,426
2.02.04.02.05	Provision for losses on investments	6,199,147	5,942,863
2.03	Shareholders’ equity	21,716,693	9,913,451
2.03.01	Paid-up capital	6,040,000	6,040,000
2.03.02	Capital reserves	32,720	32,720
2.03.04	Earnings reserves	5,824,350	5,824,350
2.03.04.01	Legal reserve	468,291	468,291
2.03.04.02	Statutory reserve	5,414,323	5,414,323
2.03.04.09	Treasury shares	(58,264)	(58,264)
2.03.05	Accumulated earnings (losses)	10,205,786	-
2.03.08	Other comprehensive income	(386,163)	(1,983,619)

Parent Company Financial Statements / Statement of Income
(R$ thousand)
Code	Description	Current Quarter 04/01/2021 to 06/30/2021	Year to date 01/01/2021 to 06/30/2021	Same quarter previous year 04/01/2020 to 06/30/2020	YTD previous year01/01/2020 to 06/30/2020
3.01	Revenues from sale of goods and rendering of services	6,278,019	11,651,298	2,850,011	5,881,320
3.02	Costs from sale of goods and rendering of services	(4,044,092)	(7,734,001)	(2,523,455)	(5,301,835)
3.03	Gross profit	2,233,927	3,917,297	326,556	579,485
3.04	Operating (expenses)/income	2,344,866	5,647,796	(635,456)	(1,898,368)
3.04.01	Selling expenses	(139,576)	(306,788)	(163,923)	(326,162)
3.04.02	General and administrative expenses	(59,784)	(117,475)	(60,932)	(111,124)
3.04.04	Other operating income	133,525	2,665,102	289,980	364,827
3.04.05	Other operating expenses	(161,151)	(554,798)	(953,305)	(1,487,943)
3.04.06	Equity in results of affiliated companies	2,571,852	3,961,755	252,724	(337,966)
3.05	Income before financial income (expenses) and taxes	4,578,793	9,565,093	(308,900)	(1,318,883)
3.06	Financial income (expenses)	128,760	538,248	771,885	420,713
3.06.01	Financial income	796,765	1,376,103	91,596	144,972
3.06.02	Financial expenses	(668,005)	(837,855)	680,289	275,741
3.06.02.01	Net exchange differences over financial instruments	(331,205)	(159,201)	513,006	1,444,022
3.06.02.02	Financial expenses	(336,800)	(678,654)	167,283	(1,168,281)
3.07	Income before income taxes	4,707,553	10,103,341	462,985	(898,170)
3.08	Income tax and social contribution	258,218	102,445	(117,807)	(117,503)
3.09	Net incomefrom continued operations	4,965,771	10,205,786	345,178	(1,015,673)
3.11	Net income for the year	4,965,771	10,205,786	345,178	(1,015,673)
3.99	Earnings per share – (Reais / Share)	-	-	-	-
3.99.01	Basic earnings per share	-	-	-	-
3.99.01.01	Common shares	3.5981	7.3949	0.2501	- 0.7359
3.99.02	Diluted earnings per share	-	-	-	-
3.99.02.01	Common shares	3.5981	7.3949	0.2501	- 0.7359

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

Quarterly Financial Information – June 30, 2021 – CIA SIDERURGICA NACIONAL	Version: 1

6.02.02	Purchase of property, plant and equipment, intangible assets andinvestmentproperty	(405,126)	(362,868)
6.02.08	Intercompany loans granted	(123,244)	(121,043)
6.02.09	Intercompany loans received	-	4,076
6.02.11	Financial Investments, net of redemption	1,377,318	(10,237)
6.02.12	Net cash received from sale of CSN Mineração's shares	3,164,612	-
6.03	Net cash used in financing activities	(9,688,906)	1,396,280
6.03.01	Borrowings and financing raised	40,903	80,744
6.03.02	Transactions cost - Borrowings and financing	(9,449)	(11,886)
6.03.03	Borrowings and financing – related parties	1,394,275	2,421,713
6.03.04	Amortization of leases	(4,345)	(12,775)
6.03.05	Amortization of borrowings and financing	(3,714,366)	(976,898)
6.03.06	Amortization of borrowings and financing - related parties	(6,495,364)	(104,448)
6.03.07	Dividends and interest on shareholder’s equity	(900,560)	(170)
6.05	Increase (decrease) in cash and cash equivalents	(1,035,355)	778,162
6.05.01	Cash and equivalents at the beginning of the year	4,647,125	392,107
6.05.02	Cash and equivalents at the end of the year	3,611,770	1,170,269

Consolidated Financial Statements / Balance Sheet - Assets
(R$ thousand)

Code	Description	Current Quarter 06/30/2021	Previous Year 12/31/2020
1	Total assets	79,440,123	63,002,149
1.01	Current assets	38,801,277	23,386,194
1.01.01	Cash and cash equivalents	21,756,753	9,944,586
1.01.02	Financial investments	3,564,127	3,783,362
1.01.02.01	Financial investments measured a fair value through profit or loss	3,159,021	3,305,109
1.01.02.01.03	Financial investments measured a fair value through profit or loss – Usiminas’ shares	3,159,021	3,305,109
1.01.02.03	Financial investments at amortized cost	405,106	478,253
1.01.03	Trade receivables	5,308,206	2,867,352
1.01.04	Inventory	7,050,184	4,817,586
1.01.06	Recoverable taxes	730,542	1,605,494
1.01.08	Other current assets	391,465	367,814
1.01.08.03	Others	391,465	367,814
1.01.08.03.02	Prepaid expenses	182,842	211,027
1.01.08.03.03	Dividends receivable	38,086	38,088
1.01.08.03.04	Derivative financial instruments	5,679	-
1.01.08.03.05	Others	164,858	118,699
1.02	Non-current assets	40,638,846	39,615,955
1.02.01	Long-term assets	9,539,821	8,887,158
1.02.01.03	Financial investments at amortized cost	118,790	123,409
1.02.01.05	Inventory	428,434	347,304
1.02.01.07	Deferred taxes assets	4,253,337	3,874,946
1.02.01.10	Other non-current assets	4,739,260	4,541,499
1.02.01.10.03	Recoverable taxes	922,546	938,452
1.02.01.10.04	Judicial deposits	345,915	325,117
1.02.01.10.05	Prepaid expenses	121,036	129,455
1.02.01.10.06	Receivable from related parties	1,810,489	1,630,070
1.02.01.10.07	Others	1,539,274	1,518,405
1.02.02	Investments	3,942,510	3,695,780
1.02.02.01	Equity interest	3,784,110	3,535,906
1.02.02.02	Investment Property	158,400	159,874
1.02.03	Property, plant and equipment	19,905,158	19,716,223
1.02.03.01	Property, plant and equipment in operation	15,651,880	15,519,233
1.02.03.02	Right of use in leases	509,175	516,668
1.02.03.03	Property, plant and equipment in progress	3,744,103	3,680,322
1.02.04	Intangible assets	7,251,357	7,316,794

Consolidated Financial Statements / Statements of Income
(R$ thousand)
Code	Description	Current Quarter 04/01/2021 to 06/30/2021	Year to date 01/01/2021 to 06/30/2021	Same quarter previous year 04/01/2020 to 06/30/2020	YTD previous year01/01/2020 to 06/30/2020
3.01	Revenues from sale of goods and rendering of services	15,391,573	27,304,901	6,220,683	11,555,336
3.02	Costs from sale of goods and rendering of services	(7,111,092)	(13,289,876)	(4,378,065)	(8,395,772)
3.03	Gross profit	8,280,481	14,015,025	1,842,618	3,159,564
3.04	Operating (expenses)/income	(1,171,899)	270,617	(1,289,349)	(2,510,662)
3.04.01	Selling expenses	(680,194)	(1,102,780)	(400,463)	(791,378)
3.04.02	General and administrative expenses	(145,440)	(279,903)	(126,446)	(245,501)
3.04.04	Other operating income	135,965	2,696,197	304,268	406,957
3.04.05	Other operating expenses	(537,351)	(1,111,463)	(1,095,062)	(1,863,986)
3.04.06	Equity in results of affiliated companies	55,121	68,566	28,354	(16,754)
3.05	Income before financial income (expenses) and taxes	7,108,582	14,285,642	553,269	648,902
3.06	Financial income (expenses)	(339,051)	(540,558)	284,857	(916,281)
3.06.01	Financial income	791,755	1,377,340	95,956	161,087
3.06.02	Financial expenses	(1,130,806)	(1,917,898)	188,901	(1,077,368)
3.06.02.01	Net exchange differences over financial instruments	(330,030)	(386,358)	343,074	707,956
3.06.02.02	Financial expenses	(800,776)	(1,531,540)	(154,173)	(1,785,324)
3.07	Income before income taxes	6,769,531	13,745,084	838,126	(267,379)
3.08	Income tax and social contribution	(1,256,871)	(2,535,111)	(392,226)	(598,430)
3.09	Net income from continued operations	5,512,660	11,209,973	445,900	(865,809)
3.11	Consolidated net income for the year	5,512,660	11,209,973	445,900	(865,809)
3.11.01	Earnings attributable to the controlling interests	4,965,771	10,205,786	345,178	(1,015,673)
3.11.02	Earnings it attributable to the non-controlling interests	546,889	1,004,187	100,722	149,864
3.99	Earnings per share – (Reais / Share)	-	-	-	-
3.99.01	Basic earnings per share	-	-	-	-

3.99.01.01	Common shares	3.59809	7.39488	0.25011	- 0.73593
3.99.02	Diluted earnings per share	-	-	-	-
3.99.02.01	Common shares	3.59809	7.39488	0.25011	- 0.73593

6.02.11	Intercompany loans granted	(105,479)	(101,631)
6.02.12	Intercompany loans received	-	12,553
6.02.13	Financial Investments, net of redemption	1,376,918	21,716
6.02.14	Net cash received from sale of CSN Mineração's shares	3,164,612	-
6.03	Net cash used in financing activities	284,590	2,021,105
6.03.01	Borrowings and financing raised	6,895,202	5,064,688
6.03.03	Transactions cost - Borrowings	(128,980)	(19,172)
6.03.04	Issuance of new CSN Mineração's shares	1,347,862	-
6.03.05	Amortization of borrowings and financing	(6,697,746)	(2,973,767)
6.03.06	Amortization of leases	(54,972)	(50,474)
6.03.07	Dividends and interest on shareholder’s equity	(1,076,776)	(170)
6.04	Exchange rate on translating cash and cash equivalents	13,454	(39,287)
6.05	Increase (decrease) in cash and cash equivalents	11,812,167	3,124,597
6.05.01	Cash and equivalents at the beginning of the year	9,944,586	1,088,955
6.05.02	Cash and equivalents at the end of the year	21,756,753	4,213,552

		Consolidated		Parent Company
	06/30/2021	12/31/2020	06/30/2021	12/31/2020
Cash and banks
In Brazil	296,231	245,185	272,463	238,509
Abroad	11,528,416	3,899,282	904,630	199,994
	11,824,647	4,144,467	1,177,093	438,503

Investments
In Brazil	7,068,711	5,800,119	2,434,677	4,208,622
Abroad	2,863,395
	9,932,106	5,800,119	2,434,677	4,208,622
	21,756,753	9,944,586	3,611,770	4,647,125

	Consolidated				Parent Company
	Current		Non Current		Current		Non Current
	06/30/2021	12/31/2020	06/30/2021	12/31/2020	06/30/2021	12/31/2020	06/30/2021	12/31/2020
Investments(1)	405,106	478,253			402,234	475,782
Usiminas shares(2)	3,159,021	3,305,109			3,159,021	3,305,109
Bonds (3)			118,790	123,409			118,790	123,409
	3,564,127	3,783,362	118,790	123,409	3,561,255	3,780,891	118,790	123,409

	Number of shares held by CSN in units	Equity interests (%)
Companies	Number of shares held by CSN in units	06/30/2021	12/31/2020	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 NacionalS.A.	141,719,295	99.99	99.99	Mining and Equity interests
Companhia Florestal do Brasil	66,354,391	99.99	99.99	Reforestation
Estanho de Rondônia S.A.	195,454,162	99.99	99.99	Tin Mining
Companhia Metalúrgica Prada	555,142,354	99.99	99.99	Manufacture of containers and distribution of steel products
CSN Mineração S.A.(1)	4,374,779,493	78.24	87.52	Mining
CSN Energia S.A.	43,149	99.99	99.99	Sale of electric power
FTL - Ferrovia Transnordestina Logística S.A. (2)	510,726,198	92.71	92.38	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.(3)	333,333,332	99.99	90.00	Manufacturing and sale of cement
Berkeley Participações e Empreendimentos S.A. (4)	1,000	100.00		Electric power generation and equity interests
Fremont Empreendimento e Participações S.A. (4)	999	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		99.67	99.67	Production and sale of cans and related activities
Companhia de Embalagens Metálicas - MTM		99.67	99.67	Production and sale of cans and related activities
CSN Steel Holdings 1, S.L.U.		100.00	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		78.24	87.52	Financial transactions, product sales and Equity interests
CSN Mining GmbH		78.24	87.52	Financial transactions, product sales and Equity interests
CSN Mining Asia Limited		78.24	87.52	Commercial representation
Lusosider Ibérica S.A.		100.00	100.00	Steel, commercial and industrial activities and equity interests
CSN Mining Portugal, Unipessoal Lda.		78.24	87.52	Commercial and representation of products
Companhia Siderúrgica Nacional, LLC		100.00	100.00	Import and distribution/resale of products
CSN Cimentos S.A.(3)			10.00	Manufacturing and sale of cement
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. (5)	63,377,198	18.64	18.64	Railroad transportation
Aceros Del Orinoco S.A.		31.82	31.82	Dormant company
Transnordestina Logística S.A. (6)	24,670,093	47.26	47.26	Railroad logistics
Equimac S.A	1,395	50.00	50.00	Rental of commercial and industrial machinery and equipment

Indirect interest in joint ventures: equity method
MRS Logística S.A. (5)		14.58	16.30	Railroad transportation

Direct interest in associates: equity method
Arvedi Metalfer do Brasil S.A.	49,074,882	20.00	20.00	Metallurgy and Equity interests

Exclusive funds: full consolidation
Diplic II- Fundo de investimento multimercado crédito privado		100.00	100.00	Investment fund
Caixa Vértice - Fundo de investimento multimercado crédito privado		100.00	100.00	Investment fund
VR1 - Fundo de investimento multimercado crédito privado		100.00	100.00	Investment fund

				06/30/2021			12/31/2020	06/30/2020
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.	470,525	2,907,850	(2,437,325)	61,098	481,327	2,979,749	(2,498,422)	(744,971)
CSN Inova Ventures	8,437,014	9,375,896	(938,882)	(229,121)	9,534,299	10,244,025	(709,726)	(264,678)
CSN Islands XII Corp.	3,979,231	6,764,359	(2,785,128)	(78,526)	2,497,173	5,203,776	(2,706,603)	(843,232)
CSN Steel S.L.U.	4,367,303	45,479	4,321,824	14,392	4,522,589	28,642	4,493,947	550,073
Sepetiba Tecon S.A.	749,410	440,978	308,432	3,450	731,294	431,801	299,493	3,953
Minérios NacionalS.A.	454,761	181,003	273,758	133,488	292,708	152,438	140,270	16,648
Valor Justo - Minérios Nacional S.A.			2,123,507				2,123,507
Estanho de Rondônia S.A.	104,311	142,122	(37,811)	(9,700)	103,484	131,596	(28,112)	(9,457)
Companhia Metalúrgica Prada	863,216	623,970	239,246	92,770	750,130	603,654	146,476	(38,942)
CSN Mineração S.A.	21,375,315	9,254,663	12,120,652	3,852,844	17,166,329	7,887,964	9,278,992	1,068,875
CSN Energia S.A.	122,283	73,751	48,532	1,608	130,642	83,718	46,924	(5,388)
FTL - Ferrovia Transnordestina Logística S.A.	466,406	252,160	214,246	(14,026)	471,952	254,510	217,442	(22,551)
Companhia Florestal do Brasil	51,733	3,902	47,831	(1,716)	52,073	2,526.0	49,547	(916)
Nordeste Logística S.A.	65	56	9	(4)	69	55	14	(3)
CBSI - Companhia Brasileira de Serviços de Infraestrutura	127,182	100,157	27,025	6,703	118,553	98,231	20,322	(572)
Goodwill - CBSI - Companhia Brasileira de Serviços de Infraestrutura			15,225				15,225
CSN Cimentos S.A.	3,618,619	541,308	3,077,311	92,088
	45,187,374	30,707,654	16,618,452	3,925,348	36,852,622	28,102,685	10,889,296	(291,161)
Joint-venture and Joint-operation
Itá Energética S.A.	291,245	25,769	265,476	14,394	268,447	17,365	251,082	6,032
MRS Logística S.A.	2,014,000	1,158,291	855,709	51,793	2,088,151	1,284,265	803,886	10,226
Transnordestina Logística S.A.	4,774,593	3,633,711	1,140,882	(19,222)	4,657,691	3,497,587	1,160,104	(17,973)
Fair Value (*) - Transnordestina			271,116				271,116
Equimac S.A	8,774	504	8,270	135	7,536	301	7,235
	7,088,612	4,818,275	2,541,453	47,100	7,021,825	4,799,518	2,493,423	(1,715)
Associates
Arvedi Metalfer do Brasil S.A.	42,682	31,118	11,564	1,438	40,528	32,490	8,038	(5,247)
	42,682	31,118	11,564	1,438	40,528	32,490	8,038	(5,247)
Classified at fair value through profit or loss (note 14 II)
Panatlântica			219,979				59,879
			219,979				59,879
Other investments
Profits on subsidiaries' inventories			(75,248)	(19,705)			(55,543)	(39,648)
Investment Property			143,796				144,999
Others			63,536	7,574			63,538	(195)
			132,084	(12,131)			152,994	(39,843)
Total investments			19,523,532	3,961,755			13,603,630	(337,966)

Classification of investments in the balance sheet
Investments in assets			25,578,883				19,401,494
Investments with negative equity			(6,199,147)				(5,942,863)
Investment Property			143,796				144,999
			19,523,532				13,603,630

Parent Company Financial Statements / Statements of Cash Flows – Indirect Method
(R$ thousand)
Code	Description	Year to date 01/01/2021 to 06/30/2021	YTD previous year01/01/2020 to 06/30/2020
6.01	Net cash from operating activities	4,729,934	(87,202)
6.01.01	Cash from operations	3,368,586	314,681
6.01.01.01	Net income for the period	10,205,786	(1,015,673)
6.01.01.02	Financial charges in borrowing and financing raised	359,259	543,040
6.01.01.03	Financial charges in borrowing and financing granted	(21,175)	(26,301)
6.01.01.04	Depreciation, amortization and depletion	414,651	427,177
6.01.01.05	Equity in results of affiliated companies	(3,961,755)	337,966
6.01.01.06	Deferred taxes assets	(345,812)	1,303
6.01.01.08	Provision for tax, social security, labor, civil and environmental risks	(34,152)	14,659
6.01.01.09	Monetary and exchange variations, net	499,646	86,711
6.01.01.10	Updated shares – Fair value through profit or loss	(815,514)	435,364
6.01.01.11	Net gains on the sale of the shares of CSN Mineração.	(2,472,497)	-
6.01.01.12	Write-off and estimated losses net of reversal	1,680	(837)
6.01.01.13	Provision for environmental liabilities and decommissioning of assets	23,473	16,305
6.01.01.14	Charges on lease liabilities	1,016	1,856
6.01.01.15	Accrued for consumption and services	3,339	(14,313)
6.01.01.16	Net gains on the sale of the shares of Usiminas	(505,844)	-
6.01.01.17	Receivables by indemnity	(8,857)	(508,326)
6.01.01.18	Other provisions	25,342	15,750
6.01.02	Changes in assets and liabilities	1,361,348	(401,883)
6.01.02.01	Trade receivables - third parties	(627,190)	49,404
6.01.02.02	Trade receivables - related party	212,985	(553,809)
6.01.02.03	Inventory	(1,784,997)	(150,661)
6.01.02.04	Receivables - related parties/dividends	1,236,190	3,351
6.01.02.05	Recoverable taxes	900,930	53,367
6.01.02.06	Judicial deposits	(13,365)	3,296
6.01.02.09	Trade payables	216,739	794,172
6.01.02.10	Trade payables – Forfaiting and Drawee risk	1,566,598	(520,492)
6.01.02.11	Payroll and related taxes	42,560	45,395
6.01.02.12	Tax payables	33,063	177,899
6.01.02.14	Payables to related parties	3,595	156,086
6.01.02.16	Interest paid	(434,194)	(534,326)
6.01.02.17	Interest received	-	198
6.01.02.19	Others	8,434	74,237
6.02	Net cash investment activities	3,923,617	(530,916)
6.02.01	Investments / AFAC / Acquisitions of Shares	(89,943)	(40,844)

Parent Company Financial Statements / Statement of Changes in Equity - 01/01/2021 to 06/30/2021
(R$ 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	-	-	-	-	820,203	820,203
5.04.10	Net gain of transaction primary and secondary distribution shares of CSN Mineração	-	-	-	-	829,486	829,486
5.04.11	(Loss) / gain on the percentage change in investments	-	-	-	-	(9,283)	(9,283)
5.05	Total comprehensive income	-	-	-	10,205,786	777,253	10,983,039
5.05.01	Net income for the period	-	-	-	10,205,786	-	10,205,786
5.05.02	Other comprehensive income	-	-	-	-	777,253	777,253
5.05.02.04	Translation adjustments for the year	-	-	-	-	(192,468)	(192,468)
5.05.02.08	Actuarial gains/(losses) on pension plan, net of taxes	-	-	-	-	49	49
5.05.02.11	(Loss) / gain hedge accounting, net of taxes	-	-	-	-	969,672	969,672
5.07	Closing balance	6,040,000	32,720	5,824,350	10,205,786	(386,163)	21,716,693

Parent Company Financial Statements / Statement of Changes in Equity - 01/01/2020 to 06/30/2020
(R$ 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	4,540,000	32,720	4,431,200	-	1,170,624	10,174,544
5.03	Adjusted opening balances	4,540,000	32,720	4,431,200	-	1,170,624	10,174,544
5.05	Total comprehensive income	-	-	-	(1,015,673)	(5,005,656)	(6,021,329)
5.05.01	Net income for the period	-	-	-	(1,015,673)	-	(1,015,673)
5.05.02	Other comprehensive income	-	-	-	-	(5,005,656)	(5,005,656)
5.05.02.04	Translation adjustments for the year	-	-	-	-	513,453	513,453
5.05.02.08	Actuarial gains/(losses) on pension plan, net of taxes	-	-	-	-	61	61
5.05.02.10	(Loss) / gain on the percentage change in investments	-	-	-	-	4,612	4,612
5.05.02.11	(Loss) / gain hedge accounting, net of taxes	-	-	-	-	(5,525,251)	(5,525,251)
5.05.02.13	(Loss) / gain on hedge of net investment in foreign operations	-	-	-	-	1,469	1,469
5.07	Closing balance	4,540,000	32,720	4,431,200	(1,015,673)	(3,835,032)	4,153,215

Parent Company Financial Statements / Statement of Value Added
(R$ thousand)

Code	Description	Year to date 01/01/2021 to 06/30/2021	YTD previous year01/01/2020 to 06/30/2020
7.01	Revenues	17,935,438	7,519,959
7.01.01	Sales of products and rendering of services	14,590,533	7,253,117
7.01.02	Other revenues	3,346,351	268,343
7.01.04	Allowance for (reversal of) doubtful debts	(1,446)	(1,501)
7.02	Raw materials acquired from third parties	(10,843,054)	(7,230,082)
7.02.01	Cost of sales and services	(9,547,170)	(5,568,151)
7.02.02	Materials, electric power, outsourcing and other	(1,249,979)	(1,623,144)
7.02.03	Impairment/recovery of assets	(45,905)	(38,787)
7.03	Gross value added	7,092,384	289,877
7.04	Retentions	(414,250)	(426,162)
7.04.01	Depreciation, amortization and depletion	(414,250)	(426,162)
7.05	Value added created	6,678,134	(136,285)
7.06	Value added received	5,293,435	370,210
7.06.01	Equity in results of affiliates companies	3,961,755	(337,966)
7.06.02	Financial income	1,376,103	505,686
7.06.03	Others	(44,423)	202,490
7.06.03.01	Others and exchange gains	(44,423)	202,490
7.07	Value added for distribution	11,971,569	233,925
7.08	Value added distributed	11,971,569	233,925
7.08.01	Personnel	627,278	658,317
7.08.01.01	Salaries and wages	464,881	495,820
7.08.01.02	Benefits	133,345	129,535
7.08.01.03	Severance payment (FGTS)	29,052	32,962
7.08.02	Taxes, fees and contributions	340,758	301,838
7.08.02.01	Federal	108,265	286,415
7.08.02.02	State	232,493	15,423
7.08.03	Remuneration on third-party capital	797,747	289,443
7.08.03.01	Interest	373,175	1,168,282
7.08.03.02	Rental	4,315	1,983
7.08.03.03	Others	420,257	(880,822)
7.08.04	Remuneration on Shareholders' capital	10,205,786	(1,015,673)
7.08.04.03	Retained earnings (accumulated losses)	10,205,786	(1,015,673)

	Consolidated		Parent Company
	06/30/2021	12/31/2020	06/30/2021	12/31/2020
	06/30/2021	12/31/2020	06/30/2021	12/31/2020
Opening balance of investments (assets)	3,535,906	3,482,974	19,401,494	17,316,463
Opening balance of loss provisions (liabilities)			(5,942,863)	(3,908,563)
Total	3,535,906	3,482,974	13,458,631	13,407,900
Capital increase/acquisition of shares ⁽¹⁾	5,938	3,400	2,996,983	60,361
Dividends ⁽²⁾		(82,642)	(1,160,592)	(2,496,422)
Comprehensive income ⁽³⁾	28	6,895	(167,091)	581,514
Update of shares measured at fair value through profit or loss (Note 14 II)	160,100	12,579	160,100	12,579
Sales of equity interest (note 10.d) ⁽⁴⁾			(692,115)
Net gain due to increased capital and issued new shares in n investments (note2 10.d) ⁽⁵⁾			822,093
Equity in results of affiliated companies⁽⁶⁾	88,000	124,324	3,961,755	1,892,686
Amortization of fair value - investment MRS	(5,873)	(11,747)
Others	11	123	(28)	13
Closing balance of investments (assets)	3,784,110	3,535,906	25,578,883	19,401,494
Balance of provision for investments with negative equity (liabilities)			(6,199,147)	(5,942,863)
Total	3,784,110	3,535,906	19,379,736	13,458,631


	31/12/2020	31/01/2021
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

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 cahs reveivable (a)		3,164,612
(-) Cost of shares(b)		(692,115)
(=) Net gain from the transaction (a)+(b)		2,472,497

				06/30/2021				12/31/2020
	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 (%)	33.22%	47.26%	50.00%	48.75%	34.94%	47.26%	50.00%	48.75%
Balance sheet
Current Assets
Cash and cash equivalents	951,829	854	3,556	107,480	1,206,484	1,390	1,351	48,919
Advances to suppliers	24,548	1,557	52	846	27,312	1,948		742
Other current assets	548,847	48,251	3,392	93,896	823,204	51,793	2,356	89,521
Total current assets	1,525,224	50,662	7,000	202,222	2,057,000	55,131	3,707	139,182
Noncurrent Assets
Other non-current assets	630,517	223,017		20,442	608,878	225,492		20,807
Investments, PP&E and intangible assets	8,649,328	9,828,884	10,548	374,761	8,537,009	9,574,588	11,365	390,672
Total non-current assets	9,279,845	10,051,901	10,548	395,203	9,145,887	9,800,080	11,365	411,479
Total Assets	10,805,069	10,102,563	17,548	597,425	11,202,887	9,855,211	15,072	550,661

Current Liabilities
Borrowings and financing	769,429	262,020			828,439	241,029
Lease liabilities	308,382				317,526
Other current liabilities	1,071,193	122,373	1,008	37,543	1,117,975	125,794	602	19,721
Total current liabilities	2,149,004	384,393	1,008	37,543	2,263,940	366,823	602	19,721
Noncurrent Liabilities
Borrowings and financing	1,738,838	6,581,886			2,162,657	6,368,070
Lease liabilities	1,571,910				1,674,594
Other non-current liabilities	754,458	722,291		15,316	788,862	665,653		15,900
Total non-current liabilities	4,065,206	7,304,177		15,316	4,626,113	7,033,723		15,900
Shareholders’ equity	4,590,859	2,413,993	16,540	544,566	4,312,834	2,454,665	14,470	515,040
Total liabilities and shareholders’ equity	10,805,069	10,102,563	17,548	597,425	11,202,887	9,855,211	15,072	550,661

	01/01/2021 a 06/30/2021				01/01/2020 a 06/30/2020
	Joint-Venture			Joint-Operation		Joint-Venture	Joint-Operation
Equity interest (%)	MRS Logística	Transnordestina Logística	Equimac S.A.	Itá Energética	MRS Logística	Transnordestina Logística	Itá Energética
Equity interest (%)	33.22%	47.26%	50.00%	48.75%	34.94%	47.26%	48.75%
Statements of Income
Net revenue	2,128,326	138	4,116	116,169	1,603,235		82,080
Cost of sales and services	(1,379,667)		(3,241)	(38,000)	(1,223,492)		(31,402)
Gross profit	748,659	138	875	78,169	379,743		50,678
Operating (expenses) income	(133,500)	(31,620)	(612)	(32,504)	(139,966)	(26,018)	(32,429)
Financial income (expenses), net	(194,988)	(9,189)	7	(920)	(152,989)	(12,012)	484
Income before income tax and social contribution	420,171	(40,671)	270	44,745	86,788	(38,030)	18,733
Current and deferred income tax and social contribution	(142,301)			(15,220)	(31,926)		(6,360)
Profit / (loss) for the period	277,870	(40,671)	270	29,525	54,862	(38,030)	12,373

	Consolidated			Parent Company
	Land	Buildings	Total	Land	Buildings	Total
Balance at December 31, 2020	97,610	62,264	159,874	94,431	50,568	144,999
Cost	97,610	86,548	184,158	94,431	74,260	168,691
Accumulated depreciation		(24,284)	(24,284)		(23,692)	(23,692)
Balance at December 31, 2020	97,610	62,264	159,874	94,431	50,568	144,999
Depreciation (note 24)		(1,474)	(1,474)		(1,203)	(1,203)
Transfers to other asset categories	(132)	132		(132)	132
Balance at June 30, 2021	97,478	60,922	158,400	94,299	49,497	143,796
Cost	97,478	86,680	184,158	94,299	74,392	168,691
Accumulated depreciation		(25,758)	(25,758)		(24,895)	(24,895)
Balance at June 30, 2021	97,478	60,922	158,400	94,299	49,497	143,796

	Consolidated
	Land	Buildings and Infrastructure	Machinery, equipment and facilities	Furniture and fixtures	Construction in progress	Right of use (i)	Other (*)	Total
Balance at December 31, 2020	257,686	2,677,565	12,457,383	26,297	3,680,322	516,668	100,302	19,716,223
Cost	257,686	4,752,412	26,213,225	182,974	3,680,322	634,786	414,705	36,136,110
Accumulated depreciation		(2,074,847)	(13,755,842)	(156,677)		(118,118)	(314,403)	(16,419,887)
Balance at December 31, 2020	257,686	2,677,565	12,457,383	26,297	3,680,322	516,668	100,302	19,716,223
Effect of foreign exchange differences	(7,377)	(12,978)	(36,974)	(454)	(4,148)	(534)	(7)	(62,472)
Acquisitions			133,216	2,357	1,031,304	55,681	1,871	1,224,429
Capitalized interest (1) (notes 26 and 29)					36,833			36,833
Write-offs (note 25)			(436)	(159)	(2,664)	(38,017)	(1,166)	(42,442)
Depreciation (note 24)	(229)	(75,670)	(835,692)	(2,635)		(32,488)	(16,097)	(962,811)
Transfers to other asset categories	229	20,441	945,270	162	(985,008)		18,906
Transfers to intangible assets					(14,270)			(14,270)
Right of use - Remesurement						7,865		7,865
Others			(17)		1,734		86	1,803
Balance at June 30, 2021	250,309	2,609,358	12,662,750	25,568	3,744,103	509,175	103,895	19,905,158
Cost	250,309	4,742,253	27,104,795	180,986	3,744,103	645,855	420,266	37,088,567
Accumulated depreciation		(2,132,895)	(14,442,045)	(155,418)		(136,680)	(316,371)	(17,183,409)
Balance at June 30, 2021	250,309	2,609,358	12,662,750	25,568	3,744,103	509,175	103,895	19,905,158

						Consolidated		Parent Company
	Goodwill	Customer relationships	Software	Trademarks and patents	Rights and licenses (*)	Others	Total	Software	Rights and licenses	Total
Balance at December 31, 2020	3,606,156	278,041	45,665	215,532	3,169,349	2,051	7,316,794	40,236	8,086	48,322
Cost	3,846,563	823,540	182,059	215,532	3,193,787	2,051	8,263,532	131,795	8,088	139,883
Accumulated amortization	(131,077)	(545,499)	(136,394)		(24,438)		(837,408)	(91,559)	(2)	(91,561)
Adjustment for accumulated recoverable value	(109,330)						(109,330)
Balance at December 31, 2020	3,606,156	278,041	45,665	215,532	3,169,349	2,051	7,316,794	40,236	8,086	48,322
Effect of foreign exchange differences		(16,617)	(184)	(15,217)		(145)	(32,163)
Acquisitions and expenditures			428				428
Transfer of property, plant and equipment			14,270				14,270	13,967		13,967
Drop down of Cements (note 10.c)									(8,086)	(8,086)
Amortization (note 24)		(34,735)	(5,306)		(7,931)		(47,972)	(4,048)		(4,048)
Balance at June 30, 2021	3,606,156	226,689	54,873	200,315	3,161,418	1,906	7,251,357	50,155		50,155
Cost	3,846,563	765,495	192,784	200,315	3,193,787	1,906	8,200,850	145,762		145,762
Accumulated amortization	(131,077)	(538,806)	(137,911)		(32,369)		(840,163)	(95,607)		(95,607)
Adjustment for accumulated recoverable value	(109,330)						(109,330)
Balance at June 30, 2021	3,606,156	226,689	54,873	200,315	3,161,418	1,906	7,251,357	50,155		50,155

			Consolidated
			06/30/2021
Nature	New debts	Repayment	Interest payment
Prepayment (1)	1,935,627	(1,942,732)	(60,343)
Bonds, Perpetual bonds, ACC, CCE and Facility (2)	4,980,535	(2,991,371)	(798,973)
BNDES/FINAME, Debentures, NCE and CCB (3)	40,903	(1,763,643)	(149,406)
	6,957,065	(6,697,746)	(1,008,722)


Class of shares	06/30/2021				Sales of shares				12/31/2020				06/30/2021
Class of shares	Quantity	Equity interest (%)	Share price	Closing Balance	Quantity	Share price	Net cash received	Net gain from the transaction	Quantity	Equity interest (%)	Share price	Closing Balance	Profit or loss for the period in 2021 (notes 25 and 26)
USIM3	106,620,851	15.12%	19.75	2,105,762	(535,800)	23.57	12,627	3,569	107,156,651	15.19%	15.69	1,681,288	437,100
USIM5	55,144,456	10.07%	19.10	1,053,259	(56,000,000)	23.12	1,294,720	502,275	111,144,456	20.29%	14.61	1,623,821	724,159
				3,159,021			1,307,347	505,844				3,305,109	1,161,259
PATI3	2,065,529	11.31%	106.50	219,979					2,065,529	11.31%	28.99	59,879	160,100
				3,379,000			1,307,347	505,844				3,364,988	1,321,359

		06/30/2021
Foreign Exchange Exposure	(Amounts in US$’000)	(Amounts in €’000)
Cash and cash equivalents overseas	2,682,634	99,558
Trade receivables	643,902	4,697
Financial investments	23,748
Other assets	17,141	4,528
Total Assets	3,367,425	108,783
Borrowings and financing	(5,247,123)
Trade payables	(387,134)	(10,808)
Iron ore derivative	(6,428)
Other liabilities	(6,776)	(1,386)
Total Liabilities	(5,647,461)	(12,194)
Foreign exchange exposure	(2,280,036)	96,589
Cash flow hedge accounting	3,762,450
Exchange rate swap CDI x Dollar	(67,000)
Net foreign exchange exposure	1,415,414	96,589

				06/30/2021
Currency	Exchange rate	Probable scenario	Scenario 1	Scenario 2
USD	5.0022	5.2239	6.2528	7.5033
EUR	5.9276	6.1955	7.4095	8.8914
USD x EUR	1.1884	1.1858	1.4855	1.7826

					06/30/2021
Instruments	Notional	Risk	Probable scenario (*) R$	Scenario 1 R$	Scenario 2 R$

Gross exchange position	(2,280,036)	Dollar	(505,484)	(2,851,299)	(5,702,598)

Cash flow hedge accounting	3,762,450	Dollar	834,135	4,705,132	9,410,264

Exchange rate swap CDI x Dollar	(67,000)	Dollar	(14,854)	(83,787)	(167,574)

Net exchange position	1,415,414	Dollar	313,797	1,770,046	3,540,092

Net exchange position	96,589	Euro	25,876	143,135	286,270

Exchange rate swap Dollar x Euro	88,350	Dollar	6,642	(82,158)	(140,716)

			06/30/2021
Interest	Interest rate	Scenario 1	Scenario 2
CDI	4.15%	5.19%	6.23%
TJLP	4.61%	5.76%	6.92%
LIBOR	0.16%	0.20%	0.24%

						Consolidated
					Impact on profit or loss
Changes in interest rates	% p.a	Assets	Liabilities	Probable scenario (*)	Scenario 1	Scenario 2
CDI	2.65	7,053,327	(7,388,628)	(16,402)	(3,479)	(6,958)
TJLP	4.39		(825,561)	(1,970)	(9,561)	(19,122)
Libor	0.21		(4,521,739)	(45,907)	(1,803)	(3,606)

	06/30/2021
Maturity	Probable scenario (*) R$	Scenario 1 R$	Scenario 2 R$
8/2/2021	17,249	(332,377)	(664,754)
9/2/2021	4,236	(111,466)	(222,932)
10/2/2021	(447)	(38,497)	(76,994)
	21,038	(482,340)	(964,680)

							Consolidated
							06/30/2021
				Appreciation (R$)		Fair value (market)	Impact on financial income (expenses) in 2021
Counterparties	Maturity	Functional Currency	Notional amount	Asset position	Liability position	Amounts receivable / (payable)	Impact on financial income (expenses) in 2021
Exchange rate swap Dollar x Real	06/01/21	Dollar					37,322
Total dollar x real swap (NDF)							37,322

Exchange rate swap Dollar x Euro	09/15/2021 a 11/26/2021	Dollar	71,750	356,384	(351,719)	4,665	8,098
Exchange rate swap Dollar x Euro	08/20/2021	Dollar	16,600	82,799	(81,785)	1,014	5,335
Total dollar-to-euro swap			88,350	439,183	(433,504)	5,679	13,433

Exchange rate swap CDI x Dollar	10/2/2021	Dollar	(67,000)	293,147	(366,415)	(73,268)	18,594
Total Swap CDI x dollar			(67,000)	293,147	(366,415)	(73,268)	18,594
				732,330	(799,919)	(67,589)	69,349

									06/30/2021
Designation Date	Hedging Instrument	Hedged item	Type of hedged risk	Hedged period	Exchange rate on designation	Designated amounts (US$’000)	Amortizated part (USD'000)	Effect on Result (*) (R$'000)	Impact on Shareholders' equity (R$'000)
7/21/2015	Export prepayments in US$ to third parties	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	July 2019 - March 2021	3.1813	60,000	(60,000)	(33,016)
7/23/2015	Export prepayments in US$ to third parties	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	July 2019 - March 2021	3.285	100,000	(100,000)	(52,436)
7/23/2015	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 2018 - October 2022	3.285	30,000	(24,000)		(22,360)
7/24/2015	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 2018 - October 2022	3.3254	100,000	(100,000)		(78,764)
7/27/2015	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 2018 - October 2022	3.3557	25,000	(24,150)		(19,140)
7/27/2015	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 2018 - October 2022	3.3557	70,000	(56,000)		(50,194)
7/27/2015	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 2018 - October 2022	3.3557	30,000	(24,000)		(21,512)
7/28/2015	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 2018 - October 2022	3.3815	30,000	(24,000)		(21,202)
8/3/2015	Export prepayments in US$ to third parties	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	July 2018 - October 2022	3.394	355,000	(343,000)	(108,874)	(42,104)
4/2/2018	Bonds	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	July 2018 - February 2023	3.3104	1,170,045	(820,045)		(592,130)
7/31/2019	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	(254,161)	(12,148)	(1,346,925)
1/10/2020	Bonds with no maturity date 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	March 2020 - December 2050	4.0745	1,416,000	(137,000)	(45,776)	(1,186,527)
1/28/2020	Bonds	Part of the highly probable future monthly iron ore exports	Foreign exchange - R$ vs. US$ spot rate	March 2017 - January 2028	4.2064	1,000,000			(795,800)
Total						5,728,806	(1,966,356)	(252,250)	(4,176,658)

	Parent Company
	12/31/2020	Movement	Realization	06/30/2021
Cash flow hedge accounting	5,125,058	(696,150)	(252,250)	4,176,658