Material Fact – New Guidance



Companhia Siderúrgica Nacional (“CSN” or “Company”) hereby announces to its shareholders and the market in general projections adjustments, as follow:



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.


São Paulo, October 23, 2019.


Marcelo Cunha Ribeiro

Chief Financial and Investor Relations Officer