São Paulo, July 30th, 2019 – Companhia Siderúrgica Nacional (“CSN” or “Company”) hereby announces to its shareholders and the market in general projections adjustments, as follow:
(i) CSN expects to reach approximately R$8.5 billion of adjusted EBITDA at the end of fiscal year 2019.
(ii) Projection of Iron Ore Production for 2019 and 2020. The Company expects to achieve 33 million tons of iron ore production in 2019 as well as in 2020.
(iii) Projection of Iron Ore Sales for 2019. The Company expects to achieve 40 million tons of iron ore sales in 2019.
CSN points out that the information disclosed in this document represents an estimate and involves market factors beyond CSN’s control. Therefore, it does not constitute a promise of performance by the Company and/or its Management and may be subject to change.
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CSN is a highly integrated company, with steel, mining, cement, logistics and energy businesses. The Company operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a diversified range of high value-added steel products. Thanks to its integrated production system and exemplary management, CSN’s production costs are among the lowest in the global steel sector.