Exchange: NYSE·Updated 07:43 PM EST
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SID Companhia Siderurgica Nacional

$0.78
$0.0628
(8.80%)
Today
Closed $0.7766
$0.0034
(0.44%)
After Hours
EarningsNov 12
Mkt Cap$1.03B
Vol7.44M

About SID

Companhia Siderurgica Nacional engages in the production and sale of integrated steel. It operates through the following segments: Steel, Mining, Cement, Logistics, and Energy. The Steel segment offers flat steel, long steel, metallic containers, and galvanized steel. The Mining segment encompasses the activities of iron ore and tin mining. The Cement segment produces CP-III type cement as well as explores limestone and dolomite. The Logistics segment manages railways and port terminals comprise the logistics system that integrates mining, steelmaking, and cement units. The Energy segment consists of generation plants such as electricity to power rolling mills, production lines, hot metal processing, coking plants, and auxiliary units. The company was founded in 1913 and is headquartered in Sao Paulo, Brazil.
50

Neutral Sentiment

How do you feel about SID?

filecrux
$SID Brazilian steel and iron-ore group CSN signed a binding term sheet to sell German mill Stahlwerk Thüringen (1.1M t/yr) to Spain's Megasa at a €550M enterprise value. CSN calls the sale another step in its divestment program to cut leverage. Other side: €550M is enterprise value subject to adjustments, not cash, and CSN gives up a mill it bought in 2012 to grow long steel. Exclusivity runs up to 10 weeks (to about Dec 18); definitive agreements and conditions still needed.
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focafoca99
$SID signed an exclusivity agreement with Huaxin to sell CSN Cimentos, targeting a R$12.7 bn enterprise value.
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LilNappy666
$SID Ouch! Big buying opportunity since it seems like we are getting news of the Cimentos sale very soon.
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LilNappy666
$SID Definitely not the best timing to announce the Cimentos sale, but the market will eventually adjust itself. Once the election turmoil passes this stock should go back to trading AT THE VERY LEAST over a Dollar again.
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VirusRaven
$SID added here. Hope for news soon. The new CEO gotta work after hours to prove himself as quickly as possible. And the way to do so is reducing debt, and fast.
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Benalish
$SID if Trump is spending $15 billion to build one steel mill in Ohio, then SID’s entire operation in Brazil is worth $100 Billion! $CLF
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LilNappy666
$SID Let's get back to $1 at least until the sales are finalized and market realizes this has been punished nonsensically.
Beeshgold
$SID it’s happening 🔥🔥 CSN cimentos sale for R$ 12.7/$ 2.4 billion Official signing in a matter of days

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