Companhia Siderúrgica Nacional Files 20-F/A for Fiscal Year Ended Dec 31, 2022

TL;DR

<b>Companhia Siderúrgica Nacional (CSN) has filed its amended 20-F annual report for the fiscal year ending December 31, 2022.</b>

AI Summary

NATIONAL STEEL CO (SID) filed a Amended Foreign Annual Report (20-F/A) with the SEC on April 26, 2024. Companhia Siderúrgica Nacional (CSN) filed an amended annual report (20-F/A) for the fiscal year ending December 31, 2022. The filing was made on April 26, 2024. CSN is registered under the 1934 Act with SEC file number 001-14732. The company's common shares are traded on the NYSE under the symbol SID. As of December 31, 2022, CSN had 1,326,093,947 Common Shares without Par Value outstanding.

Why It Matters

For investors and stakeholders tracking NATIONAL STEEL CO, this filing contains several important signals. This amended filing provides updated information for the fiscal year 2022, which is crucial for investors to assess the company's financial health and operational status. The inclusion of specific share counts and trading information on the NYSE is important for market participants tracking CSN's performance and share structure.

Risk Assessment

Risk Level: low — NATIONAL STEEL CO shows low risk based on this filing. The filing is an amendment to a previous annual report, indicating a need for correction or update, but the nature of the amendment is not detailed in this header information.

Analyst Insight

Review the full 20-F/A filing to understand the specific amendments made and their potential impact on the company's financial reporting and outlook.

Key Numbers

• 20221231 — Fiscal Year End (Conformed period of report)
• 20240426 — Filing Date (Date of filing)
• 1,326,093,947 — Outstanding Shares (Common Shares without Par Value as of December 31, 2022)
• 001-14732 — SEC File Number (Commission File Number)

Key Players & Entities

• Companhia Siderúrgica Nacional (company) — Registrant's name
• NATIONAL STEEL COMPANY (company) — English translation of registrant's name
• Antonio Marco Campos Rabello (person) — Chief Financial and Investor Relations Officer
• NYSE (company) — Exchange where securities are registered
• SID (company) — Trading symbol
• 001-14732 (regulator) — SEC file number
• 1,326,093,947 (dollar_amount) — Number of outstanding Common Shares without Par Value as of December 31, 2022

FAQ

Industry Context

Companhia Siderúrgica Nacional (CSN) operates in the steel industry, a sector characterized by cyclical demand, commodity pricing, and significant capital investment.

Regulatory Implications

The company is subject to SEC regulations for its filings, including the annual report (Form 20-F) and any amendments, ensuring transparency for investors.

What Investors Should Do

1. Analyze the full 20-F/A document to identify the specific reasons for the amendment.
2. Evaluate any new financial or operational data presented in the amended filing.
3. Compare the amended filing's disclosures with previous filings to understand changes in the company's reporting or financial position.

Key Dates

• 2022-12-31: Fiscal Year End — The period covered by the annual report.
• 2024-04-26: Filing Date — Date the 20-F/A was filed with the SEC.

Year-Over-Year Comparison

This is an amended filing (20-F/A), indicating updates or corrections to the original annual report for the fiscal year ended December 31, 2022.

Key Financial Figures

• $2.4 billion — l 2002, we invested the equivalent of US$2.4 billion in our capital improvement program and
• $400.0 million — nal, LLC) to Steel Dynamics, Inc. for US$400.0 million. We continue our commercial import and
• $250.0 million — In 2019, investments of approximately R$250.0 million in the maintenance of blast furnace no.
• $848.0 million — 0 tons per year. In 2020, we invested R$848.0 million in our steel segment, R$710.0 million i
• $710.0 million — R$848.0 million in our steel segment, R$710.0 million in our mining segment and approximately
• $140.0 million — n our mining segment and approximately R$140.0 million in our other segments. In early 2021, C
• $960.7 million — geHolcim (Brasil) S.A., at a value of US$960.7 million. This acquisition added 11 million tons
• $1.4 billion — agreement, in the aggregate amount of US$1.4 billion for a term of twelve years. Up to US$98
• $980.0 million — ion for a term of twelve years. Up to US$980.0 million will be granted by Japan Bank for Inter
• $420.0 million — r International Cooperation and up to US$420.0 million will be granted by a syndicate of banks

Filing Documents

• sidform20fa_2022.htm (20-F/A) — 600KB
• ex96-2.pdf (EX-96.2) — 12531KB
• sidform20fa2022_001.jpg (GRAPHIC) — 29KB
• sidform20fa2022_002.jpg (GRAPHIC) — 24KB
• sidform20fa2022_003.jpg (GRAPHIC) — 19KB
• sidform20fa2022_004.jpg (GRAPHIC) — 31KB
• sidform20fa2022_005.jpg (GRAPHIC) — 52KB
• sidform20fa2022_006.jpg (GRAPHIC) — 42KB
• sidform20fa2022_007.jpg (GRAPHIC) — 61KB
• sidform20fa2022_008.jpg (GRAPHIC) — 45KB
• sidform20fa2022_009.jpg (GRAPHIC) — 43KB
• sidform20fa2022_010.jpg (GRAPHIC) — 38KB
• sidform20fa2022_011.jpg (GRAPHIC) — 30KB
• sidform20fa2022_012.jpg (GRAPHIC) — 175KB
• image_001.jpg (GRAPHIC) — 23KB
• 0001292814-24-001575.txt (&nbsp;) — 18560KB

Information on the Company

ITEM 4. Information on the Company 1 4A. History and Development of the Company 1 4B. Business Overview 5 4C. Organizational Structure 45 4D. Property, Plant and Equipment 45 PART III

Exhibits

ITEM 19. Exhibits 49 PART II

Information on the Company

ITEM 4. Information on the Company 4A.History and Development of the Company Companhia Sider&uacute;rgica Nacional is a Brazilian corporation ( sociedade por a&ccedil;&otilde;es ) incorporated in 1941 pursuant to a decree of Brazilian president Get&uacute;lio Vargas. The Presidente Vargas Steelworks, located in the city of Volta Redonda, in the state of Rio de Janeiro, began its production of coke, pig iron and steel products in 1946, when we also incorporated the Casa de Pedra mine, located in the city of Congonhas, state of Minas Gerais, and the Arcos mine, located in the city of Arcos, state of Minas Gerais. The Casa de Pedra mine assures us self-sufficiency in iron ore and the Arcos mine provides limestone and dolomite. We were privatized through a series of auctions held in 1993 and early 1994, through which the Brazilian government sold its 91% ownership interest. Between 1993 and 2002, we implemented a capital improvement program aimed at increasing our annual production of crude steel, improving the quality of our products, and enhancing our environmental protection and cleanup programs. As part of these investments, since February 1996, all our production involves continuous casting, which requires lower energy use and results in decreased metal loss as compared to ingot casting. From 1996 until 2002, we invested the equivalent of US$2.4 billion in our capital improvement program and on maintaining our operational capacity, culminating with the renovation of our blast furnace no. 3 at the President Vargas Steelworks and Hot Strip Mill No. 2 in 2001. In 2007, we started to sell iron ore in the seaborne market. Today, we, through our subsidiary CSN Minera&ccedil;&atilde;o, are an important exporter of iron ore, drawing from the high-quality iron ore reserves in the Casa de Pedra and Engenho mines, located in the state of Minas Gerais. CSN Minera&ccedil;&atilde;o holds the concession to operate the Terminal de Carv&atilde;o, or TECAR, a solid bulks termi

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View this 20-F/A filing on SEC EDGAR