Companhia Siderúrgica Nacional Reports $2.0 Billion Q3 Revenue and $240.8 Million Net Loss

Companhia Siderúrgica Nacional reported third-quarter 2026 revenue of $2.0 billion, down 8.7% from a year earlier, and a net loss attributable to common shareholders of $240.8 million. Quiver Quantitative published the results on November 13, 2026. The Brazilian steelmaker's diluted earnings per share came in at -$0.18.

CSN's Margin Pressure and Cash Burn

Gross profit fell 32.1% to $442.2 million, and operating profit swung to a loss of $110.3 million. Costs of sales edged higher to $1.6 billion, adding pressure to margins. The company ended the period with $2.0 billion in cash and cash equivalents, while total liabilities declined sharply to $16.0 billion. Cash from operating activities was negative $189.5 million, and capital spending on property, plant and equipment totaled $267.1 million. Quiver Quantitative noted that the financials data is sourced from a third-party provider and has not been independently verified by the publisher.

CSN's Earlier 2026 Results

In August 2026, Companhia Siderúrgica Nacional reported second-quarter revenue of $2.18 billion, a 12.86% year-over-year increase that beat analyst estimates by $29.47 million, according to Seeking Alpha. The same outlet reported a second-quarter net loss of R$773.1 million, a significant widening from the R$130 million loss recorded in the same period of 2025. In July 2026, Seeking Alpha reported that a financial analyst at DM Martins Research had revised his outlook on the steelmaker, arguing that its deleveraging strategy had failed and the company was now a potential value trap. In October 2026, Seeking Alpha reported that the deleveraging thesis had become more plausible since July, but that financial recovery had not yet occurred.

CSN's Financial Calendar Dates

In October 2026, The future of trading reported that Companhia Siderúrgica Nacional published an update to its financial calendar, setting the full-year 2025 financial statements for March 11, 2026, first-quarter results for May 13, 2026, and the annual shareholders meeting for April 24, 2026. The company's own website carries its corporate announcements.