São Paulo, August 25, 2020 – Companhia Siderúrgica Nacional (“CSN” or “Company”) in light of recent news reports, informs the market that it constantly evaluates capital markets opportunities that are aligned with its strategies, including opportunities for its subsidiaries. As part of this assessment, considering its business plans and market conditions, the Company’s subsidiary, CSN Mineração, is evaluating the feasibility of an initial public offering of its shares.
This material fact notice should under no circumstances be construed as, nor constitute, an investment recommendation or an offer to sell or a solicitation of an offer to buy any of the Company’s or any of its subsidiaries’ securities in Brazil or any other jurisdiction. The securities mentioned in this material fact notice were not and will not be registered under the U.S. Securities Act of 1933 (the “Securities Act”), as amended, and may not be offered or sold in the United States, absent registration or an applicable exemption from registration under the Securities Act.
The Companywill keep its shareholders and the market informed of any relevant developments.
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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.