CSN Files Q1 2024 Financials in 6-K
Ticker: SID · Form: 6-K · Filed: Jun 6, 2024 · CIK: 1049659
| Field | Detail |
|---|---|
| Company | National Steel Co (SID) |
| Form Type | 6-K |
| Filed Date | Jun 6, 2024 |
| Risk Level | low |
| Pages | 13 |
| Reading Time | 16 min |
| Key Dollar Amounts | $2,383,276, $1.00, $123,870 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, quarterly-results, foreign-private-issuer
TL;DR
CSN dropped Q1 2024 financials, check the 6-K for the latest numbers.
AI Summary
Companhia Siderúrgica Nacional (CSN) filed a Form 6-K on June 6, 2024, providing quarterly financial information for the period ending March 31, 2024. The filing is a convenience translation into English from Portuguese and indicates CSN files annual reports under Form 20-F.
Why It Matters
This filing provides investors with updated financial performance data for CSN, crucial for assessing the company's current health and future prospects in the steel industry.
Risk Assessment
Risk Level: low — This is a routine financial filing providing updated information, not indicating any immediate operational or financial distress.
Key Players & Entities
- Companhia Siderúrgica Nacional (company) — Registrant
- National Steel Company (company) — Translation of Registrant's name
- March 31, 2024 (date) — Reporting period end date
- June 6, 2024 (date) — Filing date
FAQ
What is the purpose of this Form 6-K filing?
The Form 6-K is filed to provide quarterly financial information for the period ending March 31, 2024, as a convenience translation into English.
Which annual report form does Companhia Siderúrgica Nacional file?
Companhia Siderúrgica Nacional indicates it files annual reports under Form 20-F.
What is the reporting period for the financial information provided?
The financial information provided is for the period ending March 31, 2024.
Is this filing also furnishing information under Rule 12g3-2(b)?
No, the filing explicitly states 'No' to the question of whether it is also furnishing information to the Commission pursuant to Rule 12g3-2(b).
What is the principal executive office address of the registrant?
The principal executive office address is Av. Brigadeiro Faria Lima 3400, 20º andar, São Paulo, SP, Brazil, 04538-132.
Filing Stats: 3,932 words · 16 min read · ~13 pages · Grade level 17.2 · Accepted 2024-06-05 21:57:18
Key Financial Figures
- $2,383,276 — n CSN Cimentos Brasil in the amount of R$2,383,276. Logistics: Railroads: CSN has int
- $1.00 — nce sheet date. As of March 31, 2024, US$1.00 was equivalent to BRL 4.9962 (BRL 4.841
- $123,870 — exclusive funds. As of March 31, 2024, R$123,870 is restricted as collateral for a liabi
Filing Documents
- siditr1q24_6k.htm (6-K) — 1456KB
- siditr1q246k_001.jpg (GRAPHIC) — 4KB
- siditr1q246k_002.jpg (GRAPHIC) — 102KB
- siditr1q246k_003.jpg (GRAPHIC) — 110KB
- siditr1q246k_004.jpg (GRAPHIC) — 106KB
- siditr1q246k_005.jpg (GRAPHIC) — 62KB
- siditr1q246k_006.jpg (GRAPHIC) — 179KB
- siditr1q246k_007.jpg (GRAPHIC) — 66KB
- siditr1q246k_008.jpg (GRAPHIC) — 62KB
- siditr1q246k_009.jpg (GRAPHIC) — 111KB
- siditr1q246k_010.jpg (GRAPHIC) — 114KB
- siditr1q246k_011.jpg (GRAPHIC) — 134KB
- siditr1q246k_012.jpg (GRAPHIC) — 116KB
- siditr1q246k_013.jpg (GRAPHIC) — 66KB
- siditr1q246k_014.jpg (GRAPHIC) — 145KB
- siditr1q246k_015.jpg (GRAPHIC) — 68KB
- siditr1q246k_016.jpg (GRAPHIC) — 58KB
- siditr1q246k_017.jpg (GRAPHIC) — 112KB
- siditr1q246k_021.jpg (GRAPHIC) — 79KB
- siditr1q246k_022.jpg (GRAPHIC) — 66KB
- 0001292814-24-002318.txt ( ) — 3881KB
financial statements
financial statements: Note 18 - Installment taxes Note 29 - Employee benefits Note 30 - Commitments Note 31 - Insurance The consolidated financial statements were approved by Board of Directors on May 09, 2024. 2.c) Functional currency and presentation currency The accounting records included in the interim financial statements of each of the Company’s subsidiaries are measured using the currency of the principal of the economic environment in which each subsidiary operates (“the functional currency”). The consolidated and parent company interim financial statements are presented in BRL (reais), which is the Company’s functional and reporting currency. Quarterly Financial Information – March 31, 2024 – Companhia Siderúrgica Nacional (CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing on the transaction or valuation dates, in which the items are remeasured. The balances of the asset and liability accounts are converted using the exchange rate on the balance sheet date. As of March 31, 2024, US$1.00 was equivalent to BRL 4.9962 (BRL 4.8413on December 31, 2023) and €1.00 was equivalent to BRL 5.3979 (BRL 5.3516 on December 31, 2023), according to the rates obtained from Central Bank of Brazil website. 2.d) Statement of value added Pursuant to Law 11,638/07, the presentation of the statement of added value is required for all publicly held companies. These statements were prepared in accordance with CPC 09 - Added Value Statement. The IFRS does not require the presentation of this statement and for IFRS purposes is presented as additional information. 2.e) Adoption of new requirements, standards, amendments and interpretations The new requirements, standards, amendments and interpretations that came into force for fiscal years starting on January 1, 2024, are: